Creating a news blog is not much different really to creating a normal blog when you're setting it up. Obtain a domain name, install your software (I recommend WordPress) and pick a theme. But that's once the differences can start.
An alternative layout to a discussion blog
With a news blog you could not always wish to highlight the most up-to-date posts on your property page. Although you will most likely wish to list all of them there, if you're adding a lot of stories then there might be important entries that you intend to lead with on your property page. For instance, really newsworthy posts might deserve a function at the top of the page but those 'dead donkey' items that you have decided to include might just need a listing further down.
So thus giving us a hint regarding layout of the home page - there would have been a featured item at the top of the page and then a listing of other recent pieces of news, along side teasers, further down the page.
Side navigation is essential
Also, being truly a news blog you could not predict which items your readers will see most interesting. Yet it is these that you intend to make offered to other readers. So in your side navigation add a most widely used posts list. It is probably better to use one that calculates popularity centered on page hits and looks back over the last day roughly to work this out.
So you have the design of your website sorted, you will need to just add the content. And that may be the hard part. Where are you going to get a reliable supply of regular news items from? You could try 'auto blogging', in which you basically steal content, but that's negative for your blog.
Sourcing quality news for your blog
Instead you will need to find sourced elements of news items and add them manually to your blog. Write up the news in your own words and include it in relevant categories to really make the blog easy to use. Just taking all your inspiration in one website and rewriting what you will find there is at risk of being accused of plagiarism. To get the job done properly you will need to utilize several sourced elements of information and to add your personal opinion, statistics and value to each news item that you post.
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