AOL Targets Digg, YouTube With New Netscape Site

AOL has re-launched its Netscape.com portal as a place where user participation is balanced by moderator control. The renovated site will feature community-driven news and user-submitted video, guided by editors called anchors. “The hive mind sometimes doesn’t do a thorough job,” says Jason Calacanis, CEO of Weblogs, Inc., a blog network acquired last year by AOL.

The updated site appears in a similar layout and has similar funcionality as Digg, except AOLs attempt is far more ad-driven. The most popular story at the time of this post is, “AOL copies Digg”. Source: Slashdot.