As expected, MySpace is launching a social news service, imaginatively called MySpace News (not yet live,will launch later tonight sometime Thursday morning). The beta service will aggregate news content (an automatic Web crawl which organizes news into 25 main categories and 300 sub-categories), and then a bit like Digg, allowing users to rate news and control the stories appearing on the front news page.
The news service is powered by technology developed by Newroo, a news aggregation engine FIM bought last year. The company says that MySpace, like Google, would let publishers exclude their items from the site (it won’t be a big issue), and news items from News Corp. won’t get special treatment.