Suppose that the media reported on only one issue: the progress of the sun across the sky. Every day, they would report that it rose (in the east), grew higher in the sky, and eventually set (in the west). Periodically there would be analysis pieces that took a longer view, and noted how when the weather was warmer, the sun rose to a higher position in the sky, and that when it was colder, the rise point was a little more to the south.

After a year or two of this, by the metrics of TFA, this coverage would contain essentially zero information (at least for anyone who had followed said coverage for a while).

And yet ... every single part of it would be true, and there would be no other "sides" to consider. For most humans, the knowledge that the sun behaves in this way is of some importance, though less so in a modern industrialized society.

So ... the question is not about how much information there is "today's media". It's about whether or not what the media contains is true and whether or not it is important (which might often be synonym for "useful").