The year is 1974 and Kigata Rei is haunted by a newspaper that is delivered every night at midnight. This is heavily based on the manga including the art and the pacing. Older manga tended to infodump A LOT whenever it got the chance as the artist wanted to make sure that the readers were all on base. It's similar to the way it's done in Light Novels to where paragraphs are dedicated to explaining everything before finally getting back to the story. This anime is no different. Most of the episodes are nothing but exposition on spirits, astral projection, yetis, psychic powers and UFOs.So if you aren't up on those things, this is a good intro anime to all that.
However if you've been around and know about all that, this anime is long winded. The Pages in BLue for example are mostly about the history of UFOs than any actual story of Erina.
If you can look past the 70s style drawings and the infodumps, it does have a few "real life" tales to tell about the various subjects.