Several years ago I stopped reading newspapers (paper versions, on the regular basis) and watch tv. And I have a feeling that I am now better informed -- from the Internet.
However, I make a point of monitoring a number of sources, to avoid the echo chamber effect. Many of these sources, like news.google.com, drudge report etc, are essentially news aggregators. Others are typically social networks like LiveJournal where I can sometimes find eyewitnesses. I still look at newspapers (online versions), mostly when someone points to an interesting article.