Great quote. Two thoughts. One, i hope irving was referring to the medioocre tabloids as opposed to real papers. I've had the opportunity to attend some of the social functions for pulitzer judges in the past and they get some really quality content. Second, that cheesburger metaphor is hilarious in today's context of lolcat memes/speak/etc
I think 99.99% of news in all papers, tabloid or not, falls under that quote.
Unless your job is to directly action the news (e.g. if you're a trader, in which case I hope you have better sources than newspapers), "news" makes zero difference to your life, no matter how greatly written it might be. This is true of all papers, not just tabloids.