For most people, you can probably stretch that. Catch up once a month, then catch up once every three months, then six, or twelve. Most people I've spoken too feel much better when they just quit "news".
Also reminded me of this, a Lukas Nelson (of the red-headed stranger stock) song: https://www.youtube.com/watch?v=F2lild9nfps
I found that "news" (as in non-local stuff) doesn't matter to me. I cannot do anything about the things that are happening, whether or not they happen changes my life very little (i.e. "whatever party is elected, my taxes are going to go up"), but they do weigh on my mental health. Just like with cigarettes, knowing that they're not good for you isn't enough to stop smoking though, and just because I've stopped before doesn't mean that it's easier to quit this time.
If your city was hit with a terrorist attack or mass shooting is your boss going to let you have time off work because you don't feel safe? I doubt it, it's back to work as usual.
Sadly a lot of smaller town local papers across Canada have been bought up by National Post much like Sinclair Media did with small TV stations in the USA. Some independents still persist but the numbers grow fewer...
How do you do that? We used to have a good selection of newsmagazines that summarized the week's news and utilized the ability to more deeply dive into issues to great effect. They've all devolved into gossip rags, AFAICT. The only exception I know of is The Economist; and they've got an unabashed bias they put into things. That's refreshing than the hidden bias everybody else has, but it makes them not a great sole source.
I just catch-up on the news once a week to avoid thinking about it too much. Yeah, there's madness, but a lot of it is beyond my reach. So, it's not really helpful for me to hear about what's going on more than once a week.
> I always have this fantasy where I start my own TV news network and it's "just news".
PBS News Hour tends to do this pretty well. The experts they bring on usually do a good job of just discussing facts and describing common stances on all sides.
Part of your complaint has to do with the deregulation of the news industry, historically. In 1987, the FCC fairness doctrine was eliminated: https://en.wikipedia.org/wiki/FCC_fairness_doctrine
It's no mistake that it gave rise to a massive number of pundits under the guise of proper news outlets.