News in of king bear busy (8)

I believe the answer is:

breaking

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'news in' is the definition.
Although both the answer and definition are singular nouns, I cannot see how they can define each other.

'king bear busy' is the wordplay.
'busy' is an anagram indicator.
'king'+'bear'='kingbear'
'kingbear' anagrammed gives 'BREAKING'.

'of' is the link.

Can you help me to learn more?

(Other definitions for breaking that I've seen before include "Interrupting" , "Going first at snooker" , "falling apart" , "Fracturing" .)

I've seen this clue in the Sydney Morning Herald.

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