Report: AOL to Relaunch Netscape.com

After resurrecting the Netscape browser with the aid of Firefox, AOL is now looking to breathe life back into its aging Netscape.com portal, which has largely been left to stagnate. According to reports, Netscape.com will become a user-driven news site, much like the popular Digg.com.

Weblogs, Inc. founder-turned AOL executive Jason Calacanis has been tapped for the job of heading up the new site, according to PaidContent.org. Calacanis himself says, "There are no details to share right now," but sources say the current Netscape.com team has been let go. AOL VP and former Netscape President Jim Bankoff, who was largely responsible for the Weblogs acquisition, will oversee the changes.