If you already know it, is it news?

If you already know it, is it news?
: If I ran a TV news operation (not likely), I’d come on the air on this day every year and say: “People, you know and I know that there’s going to be a lot of traffic today, right? Busy roads, busy airport. Been there, done that story a million times. So I’m not going to insult your intelligence and do it again. I’m not going to waste my precious resources and do it again. I’m going to give you the news, instead.”

You wonder why young people don’t watch or read the news much? Could it be that they often turn on the TV and say, “I already knew that.” What’s the value in telling me what I already know? Is that news? Or is it just a waste of my time?