No, this isn't news -- it's commentary. Anyone who expects this "audio magazine" to provide balanced reporting is missing the point; the objective here is to look at current events from a libertarian (rational individualist, free-market, limited government) perspective. I've listened to this program in the past, and it does provide an welcome alternative view to what you'll find in the pages of the New York Times or on NPR's airways.
The Cato Institute hosts some of the smartest, most thoughtful people on government, politics, and public policy, and now you can hear them without having to trek to DC to attend Cato's programs in person. Even better, Cato selects and edits their very best speechs and debates so listeners can hear the most cutting-edge thinkers on the most pressing issues of our day without wasting time. It's always great on Cato Audio. Abandoning the stale left-right, us-them approach that dominates the media and much of political discourse, Cato Audio provides fresh thinking from the perspective of what's good for humananity without all the empty rhetoric that Washington usually provides.