It has been reported that Yahoo! may be taking over Associated Content with the aim of starting a number of local news sites. It appears they want to take on Newspapers! http://www.eworldpost.com/yahoo-may-be-taking-on-newspapers-156.html
Yahoo does take only a small one while Google does always being innovative. I am wondering if I could see some creativity and innovation like they have had before. They are looking boring, too much boring lately.
Yahoo gave up on search (BING in) instead of innovating, I doubt news will be a point of innovation for them.