UseNeXT and Usenet are related.
The only difference is that UseNeXT is the modernized version and extra hosting solution of Usenet (However Usenet still has more customers than UseNeXT)
So to be more exact, we will be talking about Usenet instead
The Usenet was conceived long before the World Wide Web and is the world’s biggest discussion board. Every day millions of users exchange ideas on almost all kinds of subjects in over 60.000 newsgroups (generally non-moderated). The Usenet contains more than 2500 terabytes of data and 5000 gigabytes are added daily. Through a network of thousands of servers the data of the Usenet is distributed contemporaneously around the world - the advantage: The files are available for a long period of time can be downloaded at maximum DSL speed.
Usenet is one of the oldest computer network communications systems still in widespread use. It was conceived in 1979 and publicly established in 1980 at the University of North Carolina at Chapel Hill and Duke University, over a decade before the World Wide Web was developed and the general public got access to the Internet. It was originally built on the "poor man's ARPANET," employing UUCP as its transport protocol to offer mail and file transfers, as well as announcements through the newly developed news software such as A News. The name USENET emphasized its creators' hope that the USENIX organization would take an active role in its operation.
The articles that users post to Usenet are organized into topical categories called newsgroups, which are themselves logically organized into hierarchies of subjects. For instance, sci.math and sci.physics are within the sci hierarchy, for science. When a user subscribes to a newsgroup, the news client software keeps track of which articles that user has read.
In most newsgroups, the majority of the articles are responses to some other article. The set of articles which can be traced to one single non-reply article is called a thread. Most modern newsreaders display the articles arranged into threads and subthreads.
When a user posts an article, it is initially only available on that user's news server. Each news server talks to one or more other servers (its "newsfeeds") and exchanges articles with them. In this fashion, the article is copied from server to server and (if all goes well) eventually reaches every server in the network. The later peer-to-peer networks operate on a similar principle; but for Usenet it is normally the sender, rather than the receiver, who initiates transfers. Some have noted that this seems an inefficient protocol in the era of abundant high-speed network access. Usenet was designed for the times when networks were much slower, and not always available. Many sites on the original Usenet network would connect only once or twice a day to batch-transfer messages in and out.
Usenet has significant cultural importance in the networked world, having given rise to, or popularized, many widely recognized concepts and terms such as "FAQ" and "spam".
The format and transmission of Usenet articles is similar to that of Internet e-mail messages. The difference between the two is that Usenet articles can be read by any user whose news server carries the group to which the message was posted, as opposed to email messages which have one or more specific recipients.
Today, Usenet has diminished in importance with respect to Internet forums, blogs and mailing lists. Usenet differs from such media in several ways: Usenet requires no personal registration with the group concerned; information need not be stored on a remote server; archives are always available; and reading the messages requires not a mail or web client, but a news client. The groups in alt.binaries are still widely used for data transfer.
Source:Wikipedia
Summary:
To put it simply, this is a place for people to store articles for their newsfeed. Some used them for company forums, blogs and mailing list for a company or organization group and is distributed throughout. Their storage are normally unlimited if it is a company subscription. Usenet is a traditional way of how things work now. However, company still uses Usenet as a all-in-one solution for their company messaging needs. UseNeXT is a Usenet provider providing more server space. Simply put it is like a mirror for UseNet.
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