I also instituted a news blackout about three weeks ago, with the intent to (perhaps) resume reading the news on Nov 5. In 2016 I spent an inordinate amount of time hooked on election news. This year I decided to spend my time more productively (as a Canadian, I can’t even vote in the US elections, so I’m ultra powerless).
Anecdotally, I do feel happier. I’ve also poured the time I previously spent on news consumption into studying and making music, and it’s just generally a more positive mental environment for me.
I may decide to switch to a less in-the-moment mode of news consumption, such as getting an Economist subscription and only reading the paper magazine when it arrives. Or maybe the NYT Saturday paper only, or something. I feel a duty to be an informed citizen but the ceaseless noise and sense of angry powerlessness doesn’t make me feel happy or satisfied.