I follow one or two very local news sources[1], who post about three to five stories a week. I find those valuable: new restaurants opening, construction going on, what's going on with local organizations & politicians, some local history. It's up to ten minutes a day. And, I choose to pay a subscription to support each of these.
Outside that, I 100% agree with you. National news? Complete waste of time. World news? Somehow an even bigger waste. Reading random vomit on Twitter? Good lord, taking up smoking is a better use of your life than that. No way in hell I'm wasting my life or money on any of that junk. It's despairing to see so many people I know spending hours every day reading national news junk to absolutely no purpose. You can know everything you need to know about the world in ten minutes a day. More than that is just throwing your time down the garbage.
[1] An example: https://racketmn.com