I think it could be useful, as described in the answer above, however perhaps to bring up something not often discussed, I think that as human beings entrapped in this society, were are assaulted every second of the day with entirely too much information. Dare i say, we need a lot less information. Assuming the way we interact with each other and the way we feel is not entirely based on a quantitative analysis of the material conditions to continually update our abstract theory of "the way the world is", i think it would actually do us all a lot better if we werent totally subsumed with information, facts, analysis, etc. on a constant basis. I dont really have much trust for anarchists and especially communists who have some to occupy a position based on analysis and rationalization rather than feeling, instinct, etc. Perhaps it is useful to remain "relevant" and "non-autistic" if we wish to engage in social ways with others besides close friends, but really the total consumption of information, even under the guise of it adding to "our analysis" is totally detrimental to our ability to function as a living animal. How many of us have had our ability to remember totally destroyed, all things personal and subjective, our memory thoroughly ravished? This constant bombardment puts us always on the defensive, either having to process and internalize, parse through useless shit (at what cost?) or entering into total dissociation.
How many of us have been in some event that was "significant" in some way, and later seen it processed and spit out in some form of media, alternative or otherwise, and thought, "that isnt how it happened" or "that is so far from the experience that i had"? I think it makes sense to apply this process of total mediation and representation to all other "events" that we internalize through "keeping up with whats going on". Our ability to have subjective experience is constantly being hammered down, more and more with the incessant progress of the technological apparatuses, and our way of being is so often implanted with the mechanical view of experiencing everything through an abstract, objective lens - a total construction of life and its experiencing for us.
I think this is inescapable if we wish to stay "up to date with current events" but is it worth it? to actively participate in it? perhaps we have no choice, who knows