I like to consider myself very knowledgeable of current events. Each morning I watch the news as I get ready. For roughly one hour I watch the local news as I'm getting ready, then I change to national news as I'm wrapping up the morning and heading to work. I do this every work day, but I typically watch the national news during the weekend to keep up with what's going on. Of all the channels that are out there, I watch Fox 4 (ugh) for local news and MSNBC for national news (yay).
As far as non-televised news goes, I typically only read news from MSNBC. I'm rather partial to them because they seem to be the network that provides the best unbiased coverage, and if it's not always unbiased, it's at least leaning to the side I'm more in touch with. They're the least ridiculous of the television networks. I don't typically read the paper as I don't subscribe to one. The only print news I typically read is from Newsweek, and that's typically because someone else has just left a copy sitting around and I have a free minute or so to flip through it.
I would say that on an average day, I seek out roughly 2.5 - 3 hours of news coverage, mostly in the morning. Nightly local news coverage is usually full of "filler" news, so I don't typically watch that at night. In the evenings, I'll probably turn it to MSNBC again to see if I've missed anything big.
In regards to the final quesiton, I do notice a difference in the way certain issues are handled in news coverage. With a station like MSNBC, they often handle topics about race and gender issues with an open mind. They usually have someone from both sides come in and defend their stance, and I appreciate that, but I know that several other news stations don't take that same approach. Some stations just report on what they agree with, and that often deters many people. I also notice a difference in the way issues are reported regarding genders. Men in the media are often judged very quickly, beaten down by the system, etc. However, I often notice that women are reported on with a more muted tone. For instance, if a man commits murder, he is often a criminal without second guess. He did something terribly wrong, and it seems as if there is a "no excuse" attitude towards it. However, if a woman commits murder, the media often reports it as if it's due to an underlying mental flaw caused by some devastating event in her life, often caused by men. Women aren't allowed to be cold-blooded killers. I think that the media still wants to portray women as loving housewives, but it's not always the case.
I don't think that people from all backgrounds are ever going to be treated equally in the news. We're too comfortable being able to stereotype and make assumptions to change.