The text of the news report, which was featured in the documentary "Bigger, Stronger, Faster":
The Iron Sheik had been arrested recently along with wrestler Hacksaw Jim Duggan while driving along the Garden State Parkway. The Iron Sheik was charged with possession of cocaine and marijuana. What has interested most wrestling fans in this case is that the Iron Sheik and Hacksaw are known to be adversaries. So why were they traveling together?
I'd be really curious what publication that report ran in - I know the Weekly World News covered wrestling (to the exclusion of most other sports) in its sport section in the 1980s.
And WWN might not have been as straight-faced in its editorial stance as its prose would make it seem.
EDIT TO CLARIFY: For most of the 1980s, pro wrestling would have been considered beneath the notice of most straight media in most parts of the country. Certain local markets might have taken an interest (I'm thinking of Tampa here), but more in the "entertainment" section than the "sports" section.
WWN had a somewhat unique niche (shared mainly by Sun, a copycat/rival paper) as a tabloid that covered outrageous and "beneath notice" material with a straight face, especially through the 1980s.
Here's an example, from an issue in July 1990... when the paper was already starting to wink a little more knowingly at its readership.
Part of the dynamic of both forms of entertainment was the uncertainty of the put-on - the feeling of "they're not really serious about this... are they?"
In wrestling, the big turning points were in 1989, when Vince McMahon testified that wrestling was scripted before the New Jersey state senate, and 1997, with "The Montreal Screwjob" (which was the subject of a pretty good episode of RadioLab ... there were documentary crews filming and getting audio backstage).