I can't really remember where I read it, but the concept of an "infinity pool" is what really gets me. I can listen to the news, read a magazine, or watch a show and it's done. But HN, Reddit, Twitter, etc are ever replenishing pools of distraction. That's where it's damaging for me, I know I can always go back for more.
Not only the new stuff that replenishes the pool, but often times when I find a new resource/subreddit that I don't know much about but find interesting, there's often a huge amount of info already there. So even depleting the pool of past information becomes a huge distraction, all while more stuff is piling on top.