The image and text will be referenced by php variables that will on refresh point to the address where they are held. So to upload create the images of a set size and upload them as Image1,Image2 etc
the same goes for the text Text1, Text2 etc The script included on the page will change text and image on a predetermined cycle. I am using a Text Area to input the text set to read only The image holder is a just a img tag with the php variable as the URL
This is pretty simple and will I think do what you want. Plus the text does not have to be an image as with a slide show.
What I have attached is just the concept showing a possible display, Only static at this stage dynamics added next, a bit of prettying up will be required. I will wait for your comments Simon Plus to finish I need some text samples and images to go with each bit of news and where it is to go.
I will do it so you can understand how it works and can make mods yourself to change in the future.