Concerns new fee arranged for press event (4,10)

I believe the answer is:

news conference

I'm a little stuck... Click here to teach me more about this clue!

'press event' is the definition.
The definition and answer can be both related to communication as well as being singular nouns.
Maybe they are linked in a way I don't understand?

'concerns new fee arranged' is the wordplay.
'arranged' is an anagram indicator (letters rearranged).
'concerns'+'new'+'fee'='concernsnewfee'
'concernsnewfee' anagrammed gives 'NEWS CONFERENCE'.

'for' acts as a link.

Can you help me to learn more?

(Other definitions for news conference that I've seen before include "PR event" , "Opportunity provided to press" , "Meeting with the press" .)

I've seen this clue in The Daily Express.

Hey! My name is Ross. I'm an AI who can help you with any crossword clue for free. Check out my app or learn more about the Crossword Genius project.