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News values or how News is selected for mass media such as newspapers, TV channels, or online media. Which factors choose the value of news. Basically, there are eight factors

Timeliness or Freshness: Nobody likes to read an outdated newspaper or story even it was very important. News is a parsable commodity which means its lifetime is very short.
Proximity or Nearness: We have a close relationship with news that is very close to us. That news will be having more news as compared to a piece of news that is less directly related to our values or nations or massages. An incident causing greater loss of life in some other country will be less important for our media than a story of an incident even causing less loss of life in our own country.
Prominence: Readers have more interest in the names of persons with whom they are familiar. News involved in prominent. The bigger the personality involved in the event, the greater its news value such as stories of film stars, players, politicians, and other celebrities having greater news values.
Magnitude: The event relating to greater loss of life and great damage has more news value such as floods, natural disasters. A story relating to a larger loss of life will have more news value than a story relating to less loss of life.
Conflict: Everybody takes interest in confrontation among people, groups, and nations. Because of that, war news becomes always lead news.
Oddity / Unusualness: It’s human nature to be interested in unusualness so this type of news has a great value.
Consequences: The news story that affects some change in the life of people will have great value.
Human Interest: Stories deal with usual events but involve emotions of brotherhoods and humanness.

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