A newspaper: how people used to read news from the previous day prior widespread internet access.
Shown with various forms of placeholder text on most platforms. The Apple version of this emoji is called The Apple Times, and includes a picture of the volcano emoji above the fold, and the eagle emoji (flipped) in the header.
Samsung and HTC label their newspapers with News and LG uses Daily News.
Newspaper was approved as part of Unicode 6.0 in 2010 and added to Emoji 1.0 in 2015.