Scott Karp has a long and thoughtful post at Publishing 2.0 that describes how aggregating links to content elsewhere fits into daily operations at real newsrooms. Of particular interest is the experience of Jack Lail at knoxnews.com, where he's been using the Publish2 tools to turn regional blog postings into stories and features.
I don't know how the work is being received by audiences there (are you listening, Jack? Wanna tell?) but to me it looks like a winning application of what Karp calls "speed and elegant simplicity of innovation."
All these examples are things you could be doing on your site, right now. I know Scott is eager to introduce newsrooms to the Publish2 platform, and doubtless would be available to consult informally if you're interested.
I'd love to hear about anybody who tries.