There's one thing apparently missing in the article (and discussion here) that for me is the most important reason not to read news - namely, they lie. All the time. And when they don't, they systematically confuse stuff, ending up in writing wrong articles anyway.
Proof? Just pretty much every article about science, technology or business submitted here on HN gets debunked in the top comment. If they can't get simple facts right in the matters of basic science or business, I seriously doubt (by induction) that anything else they write is anywhere near the truth.