First, look at the magazine list. 95%+ of the magazines have nothing to do with news (which is a good thing). This is not a news service, it's idiotically named and since the name has confused most people as it has confused you, the service is flopping horribly due to Apple's incompetence. Apple bought Texture without even knowing what a magazine is. Which makes sense from Timmy "what's a computer" Cook. Nobody knows what news+ really is and nobody wants what they wrongly thing it is. In 2019, magazines are not about last week's news, they're about niche interests. And that's what 95+ of the magazines cover.
Second, if you really think paying for news is insane, it's because you're just wallowing in the ignorance spread by "free" news. Here's a hint; News is a for-profit business. If you're not paying for it, then somebody is, and that somebody is the real customer. Now think about what that somebody really wants for their money, and that is exactly what your "free" news is delivering. It's not insightful quality journalism, it's manipulative fake news and click-bait. But please, go on enjoying your "free" news, if you want to wallow in ignorance, that's your free choice (pun intended).
It amazes me how many times people post this exact same thing without having read any of the posts on any of the threads about the service. I guess it shouldn't surprise me from people who want their news free and/or in 140 character summaries.