I heard the segment between 2 AND 3 PM. Whether it can be called all news depends on what one considers to be news. There was a small amount of national news (stock market, economy etc.), some local news, lots of gossipy stuff, lifestyle reports and entertainment related info., accompanied by banter between the co-hosts.
Nothing wrong with that for people who like that sort of thing. But I would not consider their programming all news in the traditional sense of stations such as CNN, or WINS.
It reminds me more of the Today show on morning TV- A few minutes of hard news (unless something really major is going on), weather, local news, and then long segments of fluff.
Maybe it could be called Lite News.