There's a big market for this, it's just not for individuals. For example, Bloomberg distributes factual news on its terminal. The Bloomberg terminal even highlights important words in news stories so you can absorb the information more quickly. So if there was a earthquake somewhere, it might highlight the word "earthquake," the number of people that died, and the economic cost, for example.

Also there are news wire services that do mostly what you're describing. If you just want to be entertained (most people read news for entertainment), then they don't really care about the facts. They want to hear about so and so blasting so and so or whatever. But if you're trying to make money from information (traders, journalists, etc), then you really don't want to be reading the kind of stuff the New York Times is publishing.