So, do you have a tablet or a Smartphone? If you said yes, then your students can report the news in your classroom with the Meporter Android app (http://www.meporter.com/). (Full disclosure, it is available for that fruit OS too).
So while you can do all these things separately (like video/pictures, typing, etc), Meporter ties them all together in a one UI, which would make it easier for teachers and students to use. Definitely would be a nice tool.
Can you see lots of great class activities out of this? Pretty much any curricular area, from about Grade two on up to college. And with all these cheaper devices, you can definitely have the access.