Netscape has reinvented itself and aims to merge news reporting and blogs.
The new version of Netscape will be lead by Jason Calacanis, a seasoned dotcom news entrepreneur who sold his blog company Weblogs to AOL last year for $25 million.
"I don't think journalism is broken at all. But some things can come faster," Calacanis told Reuters.
Netscape, which was known as a popular web browser, was bought by AOL in 1999 and is now a unit of Time Warner.
The Netscape relaunch is seen as another attempt for Time Warner to generate more online advertising sales and subscriptions to the declining AOL internet service.
The new Netscape site will feature news stories grouped under categories such as top stories, world, local news, movies, health and sports
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