Well pretty much if your receiver up converts like the new receivers do; you won't lose any pic. quality using that method.--cable box to receiver.
However this way you have to turn on your rec. just to watch the news.
So, If you have some component cables you can do the 3cables for video and the red/white for audio;you'll get a pretty good picture for watching the news on the component input for the tv.
Then if you are watching a movie on cable you can use the HDMI thru the receover and back to the tv on an hdmi input with your receiver. That way you get the best when watching movies.
However this way you have to turn on your rec. just to watch the news.
So, If you have some component cables you can do the 3cables for video and the red/white for audio;you'll get a pretty good picture for watching the news on the component input for the tv.
Then if you are watching a movie on cable you can use the HDMI thru the receover and back to the tv on an hdmi input with your receiver. That way you get the best when watching movies.