The most common and most likely answer to this crossword clue is the 9 letter word ITAR-TASS
I
T
A
R
-
T
A
S
S
Buddy explains!

The straight part
We know that "News agency" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case news agency = itar-tass.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.