However, the timing when an all-purpose boosting card is most needed is usually during a mythic level test or the first action when engaging an enemy, but this card has the drawback of being least effective at that timing
Its a good option to destroy problematic nonbasic lands though, especially in singleton formats
If you're going first, the best one to make is Hot Red Dragon Archfiend Abyss as it is the only one with a proper negate as a quick effect
While a few of the Breaking News cards are Standard-legal (like for example Leyline Binding), the majority are not they are only legal in whatever formats they were already legal in
Therefore, for the situation stated in your question, red, blue, and black would count as 3 colors, so the effect would activate four times
In my opinion this is an awesome Stage 2 Pokemon card from the Phantom Forces set and one I highly recommend using