I gain my news via the BBC, which tends to be about the last balanced news organisation on the planet IMO.
I disagree with SW that one shouldn't pay any attention to the news though; the world out there is somewhat depressing, but it's important to be informed about it. Uninformed people are much easier to sway, even intelligent ones such as yourselves. Knowing the details of political issues allows people to hold their leaders to account, and that's very important to maintain a safe and democratic society. Those who do not think inevitably get their thinking done for them.
I think the issue here is of deeper issues with the way the media acts as part of society; their sensationalism and drive for political influence has in many cases totally over-ridden the provision of information. The UK at least needs far stricter laws to stop individuals owning so many different news outlets. The news can be depressing, but at the least it ought to be telling it (relatively) straight.
CG: I guess your news comes via Fox? Murdoch owns that, so they've been reporting on it as little as possible, thusly I'm not surprised.