n. a newspaper sent free by one publisher to another in return for a like service.
See also: exchange paper
- 1837  (1938)  No news establishment in British America pays so high a price as we do for paper. Yet nineteen-twentieths of our exchanges are printed on a fairer quality [paper]. . . .
- 1904  The following poem appears in Eastern exchanges, signed "Scotch but nae Foreigner."