I think quite the opposite, it gives you the illusion of being informed when in reality you are just viewing a tiny slice of the world as through a soda straw.
If you really want to be informed it takes a hell of a lot more leg work.
I can't remember who said it, but a favourite saying of mine is "isn't funny how the world only creates just enough news to fill 30 minutes every day".
I record the 6pm news on Tivo every night. Sometimes I watch it, mostly I don't. If something big breaks, I can watch it on the news.
Generally being alert to blogs and twitter will let you find out all the necessary to follow stories.
People waste far too much of their lives absorbing non-essential news items. In retrospect, most of us would be flat out recalling 4 big news events from the prior year.
I'm not saying you should get your news from CNN. I'm saying that if you get your news all from the Internet, you should turn on CNN from time to time to see the stories the rest of the world is paying attention to.
I think quite the opposite, it gives you the illusion of being informed when in reality you are just viewing a tiny slice of the world as through a soda straw.
If you really want to be informed it takes a hell of a lot more leg work.