I have all major news sources and US politics tags blocked on Mastodon.
I also continually block subs focused on US news here on Lemmy.
Frankly, I don’t trust news media or any kind. The purpose of those publications is to make sure they’re distributed as widely as possible to sell ads. So I don’t look at them unless I have to.
I do, however, follow some local chatter for my city, as the relevant news is there.
Personally I feel I manage to still stay informed, since anything of real importance will break through my block list anyway.
I suppose I still don’t trust the not-for-profit outlets either. Non-profit status, at least in the US, is a matter of taxes rather than one of morals.
And, yes, I do end up relying on people around me to hear about things for the first time, but I can and do look into things further from there.
There are pros and cons for this, of course, but I feel a lot calmer without the constant stream of doom in my life.
It's also a matter of motivations. I'm not saying nonprofit status confers automatic trustworthiness, but they are missing the major incentives for sensationalism that for-profit outlets are.