Or as the comedy group the Firesign Theatre put it nearly fifty years ago: “Good morming. Those are the headlines. Now for the rumors behind the news.”
You make a strong point that news is immense and out-of-control. Compounding the issue is that, as Marshall McLuhan noted, television is a “cool” medium, meaning that the viewer must work to provide meaning into what is being presented. Alexander Cockburn used the term “depthless coverage” to describe the same phenomenon–that TV news does not provide context or history in sufficient volume to enable viewers to make sense of the current event. I recall a study published after the 1991 Gulf War, the “CNN War,” as CNN was a leading outlet for updates, that nevertheless concluded that the more TV news viewers watched about the war, the less they understood what they were actually watching, let alone the issues associated with the war.
Compounding that issues is, in a sense ironically, that although TV may be a “cool” medium, TV news seems to have concluded that having guests “hot under the collar” is ratings gold. This is why I stopped watching the “Big Three” US cable news channels years ago–watching several talking heads trying to shout over each other only made me agitated and unable to follow whatever thread was actually being laid out. It was like watching The Jerry Springer Show with guests in better clothes and with better vocabularies.