vBNews is a powerful, user-friendly and professional solution for websites of any size to publish their news. Featuring online administration, multi-level user posting accounts, news icons, full-news pages, news-editing, news searching, templates, archive, headlines, commentary and more. vBNews is written entirely in PHP, and utilizes an extremely fast MySQL database. It is the only news solution integrated with JelSoft's vBulletin forum software. Users must register at your vBulletin forums to post news commentary, thus promoting your forums, and allowing more security and peace of mind knowing you have full administrative privilages on the users who post in your news commentary (ip logging, and you can disable their account through your forum control panel).
Price: $29.95 for a lifetime license with 1 year of support and upgrades free of charge.
Note: This software does not yet work properly with vBulletin version 3 and above due to the different password hashing system. We are currently developing a patch which will be provided free of charge to current customers, and will be included in all future releases. The ETA of this patch is the first week of March.
Update: I have been informed there are other scripts available that perform a similar task as vbNews. Please disregard the portion of the ad which states "The only news solution integrated with Jelsoft's vBulletin". Our appologies to those software makers out there who were overlooked in our research!
Thanks to those who brought this to my attention too.