The most common and most likely answer to this crossword clue is the 4 plus 6 letter word FREE PARDON
I've seen this crossword clue in The Guardian
F
R
E
E
P
A
R
D
O
N
Buddy explains!
The straight part
We know that "Good news for one in for the long term" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case good news for one in for the long term = free pardon.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.