Otherwise known as the specific inverted pyramid style historically used by newspapers specifically for technology reasons--so the story could be more or less cut at any point. Many magazines don't follow this format.

That said, as I've written before, a lot of longer pieces ramble around and take way too long to get to the heart of the matter. And there's certainly nothing wrong with a short paraphrase whether it's literally an abstract or a bit more of a teaser (especially if the main point really does need some build-up).