I would suggest it's good. Most news in my view is "junknews", even from reputable outlets (including independent media). Why? Very rarely is any news actionable in any way. It's likely that very little of what you and I see each day fundamentally changes how we live our daily lives.
Most of it is entertainment and us humans just like to "know" things - there are more effective ways to be informed about the world if that is the honest objective. Spending an equivalent amount of time reading books or going outside into the streets/community is likely far more useful for nearly everyone. Outsource getting the most important updates to people you know; they'll enjoy knowing "stuff" and keeping you up-to-date.
Catching up on news can always come later anyway (e.g., if you need to cram for an "exam"; i.e., voting).
I did spend less time refreshing some timeline. But
1) I did miss some of my "audience" (feels like an audience more than friends, but I'm twisted)
2) I'm now way less aware of lots of news. Two days ago was the first time in years that I thought to myself "what ? I didn't know that" about an event. Not sure if this is bad or good, but it's an important difference.