If I have a TV I will have CNBC or Bloomberg turned on with the volume down low. Until those bafoons on CNBC start arguing, then I mute it for awhile.
I do like to know WHEN the news is coming out, economic reports and such, but I care far far more about the markets reaction to the news than the actual news itself. I would rather focus on the price and volume action than try to interpret the news AND guess how it will affect the market.