In the US you don't need a license for the physical version, though, where you literally cut out news articles and mail an envelope of clippings to someone. Under the first-sale doctrine, you own the physical printed copy of a book, magazine, or newspaper you bought, and you can resell that copy (only) without further permission of the copyright holder. You can also modify it before resale if you'd like, since you fully own it: carve it into a book-sculpture, clip out pages and sell them independently, cut out the pages and reuse the binding, etc. You can even buy copyrighted paintings, modify them, and sell the modified version, as long as you're modifying the physical canvas you bought (not copying it onto a new canvas or making prints).
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Under UK law, the digital version is actually legal without a license, because the Supreme Court held that copies made by digital-clippings services were permitted "temporary copies": https://en.wikipedia.org/wiki/Public_Relations_Consultants_A...
In the US the same case came out the other way around, holding that copies made in the process of digital aggregation didn't constitute fair use: https://en.wikipedia.org/wiki/Associated_Press_v._Meltwater
In the US you don't need a license for the physical version, though, where you literally cut out news articles and mail an envelope of clippings to someone. Under the first-sale doctrine, you own the physical printed copy of a book, magazine, or newspaper you bought, and you can resell that copy (only) without further permission of the copyright holder. You can also modify it before resale if you'd like, since you fully own it: carve it into a book-sculpture, clip out pages and sell them independently, cut out the pages and reuse the binding, etc. You can even buy copyrighted paintings, modify them, and sell the modified version, as long as you're modifying the physical canvas you bought (not copying it onto a new canvas or making prints).