Identifying events from text has a long past in narrative analysis, but a short history in Natural Language Processing (NLP). In this position paper, a question is asked: given the telling of a sequence of real-world events by a news narrator, what do NLP event extraction models capture, and what do they miss? Insights from critical discourse analysis (CDA) and from a series of movements in literary criticism motivate us to model the narrated logic in news narratives. As a result, a computational framework is proposed to model the function of news narration, which shapes the narrated world, consumed by news narratees. As a simplification, we represent the causal logic between events depicted in the narrated world.