The most common and most likely answer to this crossword clue is the 8 letter word TELETEXT
I've seen this crossword clue in Independent
T
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More clues leading to the result TELETEXT
Buddy explains!
The straight part
We know that "old way of spreading news" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case old way of spreading news = teletext.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does TELETEXT mean?
TELETEXT noun- A text-based information retrieval system using television sets with a suitable decoder; developed by the BBC.