This would be true if what you call "news" was objectively valuable information. To me it appears more strongly curated to misinform and create irrational emotional responses for the benefit of some (mostly political leaders and large businesses) to the detriment of the audience.
Agree that that is BIG assumption. I just didn't want to bring all the misinformation issue in to the discussion. IMHO, It is better to be uninformed than misinformed.