Low-Quality, Noisy Information
The aggregate output of the media and entertainment industry has far outpaced any single individual's ability to cope with and consume a significant fraction of it.
For example, say there are 10 different TV channels broadcasting 24/7. Even if you were glued to one channel for all of your waking hours (say 16 hours a day), you'd still be missing 93% of all the broadcast content.
Of course, given that there are hundreds of TV channels and other forms of media, such as online publications and on-demand video channels, it is absolutely guaranteed that any single individual is “missing” just about 100% of any day's worth of newly produced content.
Prioritization will occur, whether intentional or not.
I claim that intentionally selecting high-quality media that deepen your understanding of lasting aspects, facts, and observations about the world is the only useful way to spend the time.
The flavor and the controversy of the week are almost necessary for moving the news cycle and the attention economy along, but they do very little other than distract.
Pursuing a deeper understanding, on the other hand, requires self-directed learning and self-directed consumption of high-quality media.
It's almost comical to compare the amount of expert human labor that goes into a single well-supported piece of scientific communication, such as a book, textbook, or publication, to some spur-of-the-moment opinion from someone whose only credentials are having a camera and an internet connection.
I'd take a bet that the “quality over noise” quotient from the former source is at least a hundred times higher than that of the latter.