The document discusses the definition and values of news. It defines news as a report of recent events published in newspapers, television, radio or online. For an event to be considered news, it must answer the questions of who, what, when, where, why and how. Journalists use news values like timeliness, proximity, prominence, controversy, impact, and human interest to determine what qualifies as news. Credibility, objectivity and fairness are also important principles for journalists. News serves functions like informing, educating, and entertaining audiences while keeping them aware of current issues and progress.