I think I'm sympathetic to much of this post and many of the comments here in how much the news that is consumed and the manner it is consumed is ultimately amounts to nothing more than mindless consumption and / or overblown anger.
If you just define news as "whatever has caught everyone's attention on the national or global stage", I still think there is value to be derived in staying at least somewhat upto I still think there is value in being relatively up to date.
My biggest reason would simply be whether you like it or not, Americans live in a democracy (for the most part) that is dominated mostly by nation-wide politics, so if you're going to be an informed citizen trying to keep politicians accountable (whatever that may mean to you) on whatever issues have their attention. I don't necessarily like this, but I think this is a necessary evil to a degree.
On a more personal note, I still find value in consuming some news because it provides me perspectives of how other people live. Part of that is simply giving me more context to my role in the surrounding world. Another part of it is simply making me aware of a injustices and other tragedies people face that I otherwise never know about. I feel like the news simply helps keep me grounded to the world beyond my immediate vicinity and relative comfortable lifestyle.
While I can not do much to fix many of these massive problems I can still do something; donate money, organize a goods drive, or even continue the chain and keep spreading awareness to someone else.