I don't get your point here. Nothing has taken away your choice on what to read. If you don't find it interesting, just move on. Value is inherently subjective - so a statement that "nothing of value is lost" does not mean much.

I certainly don't find celebrity gossip very valuable but the vast amount of people who read and consume that content shows that it is valuable to them. Who am I to judge that? There's nothing good to come of vastly reducing the amount of content out there. More choice and options are always a good thing.