MySpace is going into the news business with a service that will scour the internet for news stories and let users vote on which ones receive the most exposure.

This approach blends elements of Google News and sites such as Digg and Netscape, which rely on readers to submit stories and determine their prominence. It also marks the site’s ambitions to become a web portal like Yahoo!, providing its users with a front door to the internet.

MySpace, which is owned by News Corp, also the parent company of Times Online, will display headlines from external new sites, a practice that attracted legal challenges when Google used it for its news service.

View: Full Story @ TimesOnline