Netscape is expected to relaunch its Web site on Thursday, transforming from a general purpose portal into a news site in which both readers and editors choose the content.

In its latest incarnation, Netscape is a hybrid news site combining elements of social bookmarking, like Yahoo’s Delicious, Digg and Slashdot, where users recommend and rank their top choices for news stories, and traditional news sites, where editors select their top picks. Netscape also is borrowing from blogs by having paid editors - dubbed "anchors" in a nod to broadcast journalism - comment on stories. The site is even taking it a step further by having its editors fact check news stories and do some additional reporting to provide background or further context, said Jason Calacanis, who co-founded blog publisher Weblogs Inc., which AOL bought last year.

Read the full story (Cnet News)