It's basically a news crawler that takes articles from other sites and presents it to you. The only really original part of it are the adverts. Interesting privacy statement though...
QUOTE
* administer this website;
* personalize the website for you;
* enable your access to and use of the website services;
* publish information about you on the website (this will only be done if you specifically give permission);
* supply to you services that you purchase;
* send you statements and invoices;
* collect payments from you; and
* send you marketing communications.