Mailing lists can be archived to allow new participants to catch up on some of the older threads, or to participate in the group without receiving copies of message in Email.
Since a copy of a message is not directly sent to each user, this technology if often preferred to mailing lists. It allows the users to read only the messages they wish, skipping the ones that are not of interest. It also allows them to read 'public' discussion with many people separate from the more individual messages in their electronic mailboxes.
While mailing lists are based on a subscription, someone can go to a newsgroup at any time and see what people have previously said. In this way it is much more like a bulleten-board : Postings are put onto the 'wall' to be read later by anyone that passes by. Readership and participation in newsgroups tends to be much larger than mailing lists for this reason.