The text in the first paragraph of the "How the Telephone Newspaper Serves Its Public" section originally appeared in the February 24, 1893 editions of The Electrical Engineer and the Electrical Review.
Behind the Scenes with a Newspaper Man, E. J. Stackpole, 1927, pages 294-296:

    Some years ago in Budapest I met several bright and interesting newspaper men identified with the important papers of that city. These were quite curious as to the methods of our American newspapers, but certainly not more so than some of us concerning the policies and processes of the Hungarian journals. My recollection is that the city had not less than sixteen newspapers, but one of these never went to press. It was, however, complete as to organization in all departments and the staff was trained in the most efficient manner. I was told of the novel system of gathering and assembling the news, the covering of the markets, including the American quotations on corn and other products in which Hungary is interested, the doings of society, official and governmental transactions and general happenings. Reporters had regular assignments and special correspondents were sent on extra duties. But this newspaper, a regular daily publication, never went to press. For this was a telephone newspaper; it had subscribers and contributors and a full staff, but no mechanical equipment. "Yes," the editor said, in reply to a question, "we have editors and a business organization, but our subscribers never see their favorite newspaper. Each has a schedule at his telephone desk which specifies the hour he may place the receiver to his ear and get the news. If he is not interested in politics or the markets or sports or society, he will wait until the hour set for local or government or other intelligence. No, he cannot break in with a question. He must simply listen in, and there is no obligation to take down the receiver to hear the news; it is all a matter of the subscriber's choice. If he doesn't care to listen, he simply does as as the reader of an ordinary newspaper--he forgets it, the only difference being that he cannot go back to the hour that is past; he must listen when certain news is scheduled or not get it, unless he depends upon another subscriber to supply the latest chronicles of the day."
    Later I learned through a prominent Bell telephone official that the novel undertaking comprises at its central office two departments--a regular editorial office, which receives the telegraphic and oral messages, and works them up into leaders or paragraphs; and a special telephonic publishing department, where experienced speakers, each possessing a soft but distinct voice, transmit through the instruments the contents of the manuscripts delivered from hour to hour by the first department. There are two languages used, German and Hungarian. The subscribers who receive the news have a square wooden tablet before them, from which are suspended two tubes long enough to reach their ears when they are sitting in an easy chair or at a writing desk, or even when lying in bed. The service commences at eight o'clock in the morning, and lasts till nine in the evening.
    The Budapest telephone newspaper is a private enterprise independent of the State telephone system. Special wires are run all over town to connect the receivers of subscribers to the telephone newspaper with the transmitting devices. Receivers are often distributed through hotel lobbies and used extensively by the guests. For receiving, ordinary watch telephones are used, a pair being supplied to each subscriber.
    It is not likely that Americans would be satisfied with such a channel of information regarding the doings of the day, nor will the movie screen or radio take the place of the printed page. Americans are a reading people; some scan the pages hastily in their offices or on the trains, but where the paper is closely read and discussed particularly is in the home at eventide. It brings to the family circle, as no telephone substitute or radio broadcaster could, the varied records of the wide world for comparison or advice and discussion of the daily happenings.