Indeed.

I wouldn't even really say 'most' of the news. Unless you're in high finance or a journalist, it really is just trivia.

Weather forecasts and crosswords are probably the best bits. For the rest, you're better off reading classic novels, all scandals are history playing itself.

It feels a bit 'tragedy of the commons' to me. It's important that someone is reading the news (because otherwise democracy falls apart). But my personal utility is maximised by reading a book about tax law rather than an article about the Panama Papers.