Thomas Jefferson said: "Advertisements contain the only truths to be relied on in a newspaper." Google already has all the news indexed; why it is choosing to provide less surface area over which to sell its ads is something that makes absolutely no sense.
Company press releases are a gold mine of information. These used to be so prominent in news.google.com; they are completely gone. Multiple pages of results. Gone. All so the already-digested news can belch all over cell phones.
I see it as an attack on our democracy. Basically, censorship. But apparently they don't care.
Redesigns like this make me wish more designers thought in terms of a toggle option for users who don't want the slick and shiny. Seems like such an obvious, idiot-proof solution to pissing off your users en masse.