I'd be OK with it with two changes. Make that big white header at the top scroll with the page. Get rid of the column on the right. Both modifications strike me as being within the range of what can be easily done here. (But, sadly, not by me.)
In fact, the right column already goes away if I select "For You" at the top. But I don't use that. Just Headlines. I also have the old style search bar which I can easily point at Google News. So that vertical-space-eating header is extremely useless to me. In the rare instance where I might need to use something up there, scrolling to the top of the page would not be an issue. As far as the right column is concerned, it would be nice to have the option of restoring it easily. Such a toggle did exist with the previous News format.