According to a leak published by Wired, a Digg-style news service is in the works, and my guess is that it will take off. The My Space demographic is probably the one that reads the news the least, because news isn't cool. If Newscorp can make news cool for young folk, they'll make a whole heap of cash.

MySpace News will automatically collect news items from various news sites and blogs. MySpace users will then be able to discuss and rate each story on the site, and the stories will change position on the page based on popularity. The portal is rumored to launch during the second quarter of 2007.