The drumbeat grows louder: more people realize the corporate media can't be trusted and smaller media don't have the resources to provide full coverage. On top of that, we know that the corporate media has never been trustworthy, including "trusted men" like Walter Cronkhite.
So what does one do?
Ignore the news. It's not radical and it's not ostrichy. It's sane and, in my opinion, the only option.
Here's the thing: You can't keep the news out. The real news will get to you somehow . . . a friend's text, headlines on the Internet, overheard bar conversations, the obnoxious office worker. You'll have more than enough information to survive and make good decisions.
And if you spend your time developing your knowledge in other areas--philosophy, history, literature--you will be far more capable of correctly processing and applying the 'real news' that invades your mental sphere.
And if a particular news item interests you (like the Palestinian crisis has interested me), Bryan Caplan says it's effective to read the Wikipedia entry. It's constantly curated and updated by scores of contributors who don't all think alike (caution: Wikipedia itself has an agenda that lines up with the Beltway-Silicon-MSM Hegemony, but I trust Caplan to know such a thing and, after using Wikipedia to keep up on the news, to have taken it into account with his recommendation).