I wouldn't mind having this. I've seen it on plenty of other forums and many users tend to look forward to the news reports because if there's something they want to keep up with, it's always there. I see it as a wonderful idea. It's got my support for it.
However, I do think that we shouldn't use the portal for it. Instead, we should just have a custom section for the news reports and have a link at the navigation bar with a drop down and has the latest 3 news reports, starting from the most recent first. If there were to be a new one to come out, it would say it at the top where the "News" is on the navigational bar.
Example of where I'm going:
We have a weekly news. 3 weeks goes by, and the 3 news reports for each week will appear in the navigational drop down menu for the "News" tab. When the next week comes, the earliest news report will be put down into an archive where only the news members can have access to them.