UO Second Age

Does the town crier actually do anything here? i know back when i was on osi it used to tell you news or rumours that led to something interesting in the game. but every time i talk to him here, he just tells me there is no news...

I have seen him a few times announce things like during Halloween he announced the undead invasion of Shadowmire. He also announced when there was an orc invasion of Cove. Besides that I haven't seen much.