news report vs despatch

news report and despatch both are nouns.

Word	Noun	Adjective	Verb	Adverb
news report	Yes	No	No	No
despatch	Yes	No	Yes	No

As nouns, despatch is a hyponym of news report; that is, despatch is a word with a more specific, narrower meaning than news report:

Other hyponyms of news report include newsletter, newssheet, bulletin, communique, dispatch, urban legend, exclusive, scoop.

news report (noun)	despatch (noun)
a short account of the news	the act of sending off something
	killing a person or animal
	the property of being prompt and efficient
	an official report (usually sent in haste)

news report (verb)	despatch (verb)
	send away towards a designated goal