There are numerous news values with News Values in many ways being the 'newsworthiness' of the story. Different news organisations and countries will have different News Values. Two of the biggest news values that we see day to day are 'If it Bleeds it Leads' as well as local news leads.
Essentially if it 'bleeds it leads' refers to the idea that stories of crime, gore etc are the most newsworthy. A similar approach is seen with the idea that local news leads. This was particularly evident during the 2010/2011 Queensland Floods, when the media coverage was almost solely concentrated on this event.
There are several identified values which determine the newsworthiness of a story. This table from the lecture details some of the news values -
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