You can simulate column formatting in your document by constructing text boxes and filling the text boxes with text. In fact, if you want to create true newspaper-like columns in a document—where the last entry in a column says "See rest of story on page xxx"—your only choice is to create a series of linked text boxes. Word refers to the contents of a single set of linked text boxes as a story; the text in a story flows from one text box into the next, as needed.
The following is a common way to set up linked text boxes: