A no-coding-required Google Reader alternative (prototype of the possibilities)
sites.google.com
sites.google.com
It is not a bad alternative if you are of busy type and only wish to take a quick glance or view of news as it is happening on the day/time when you are viewing. It's a sort of River of News.
It is not a suitable alternative if you wish to save your feeds or even do search (something Google Reader provided as its best feature).