How to create a SharePoint organization news site
SharePoint organization news sites are the official source of information for news in your intranet. News posted in this type of sites are marked with a color tag so users can distinguish between an official news post and a news published in communication and team sites.
By default, when an administrator creates a home site out of communication site this gets defined automatically as an organization site, however each tenant can have up to 250 organization news sites.

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