Is there a way i can publish news along with slideshow of particular album?

say i have title description all set.

now i want to disaply the whole album slideshow sized with thumbnail underneath the image displaying.

What would be the way to do ?

Sorry, I don't understand what exactly you wish to do.

You can call the slideshow directly (jQuery cycle mode only, not sure about Flash using Flowplayer) anywhere so also on the news page. See the documentation of the slideshow.

and how can one call jQuery call the cycle mode in news page in codeblock for specific album ?

By adding it to the codeblock with the right parameters. Please see the documentation.