It depends what people mean by 'news'. Like others, I get national and international news from the papers - well, their web versions - but I also get further information from social media. As an example, when the Hong Kong riots were ongoing, I could see messages from friends in HK which gave more information than the papers, and more immediately.
Obviously we can't rely on getting all news from personal contacts unless we have friends all over the world, but I do think that if all the news we get comes from broadcast media we are going to get a very partial account. Social media can give us a far broader viewpoint.
Local news, as others have said, is much faster and more immediate online. Whether it's the unfortunate cats that people keep kidnapping and taking to the vet to get chipped, objections to something being built, found keys or a local event being cancelled, Facebook is the place to find out what's happening locally. Yes, it can get nasty (particularly when the self-appointed lockdown police get going), but if you ignore the nonsense it is very useful.