Online news guru comes to Hollywood-based DailyMe.com

The former editor-in-chief of Yahoo! News has been hired as president and chief product officer at DailyMe, an online provider of personalized news, headquartered in Hollywood.

Before working at Yahoo!, Neil Budde was the founding editor and publisher of The Wall Street Journal Online.

"I believe the news aggregation space is one of the most exciting and potentially lucrative on the Web today, serving a huge and growing audience that continues to migrate to online news providers," Budde said in a statement. "While this space has a number of existing competitors, they are not yet delivering the kind of experience -- including true customization and community -- that consumers want today."

DailyMe.com is a free service that allows users to personalize, schedule, share and choose the delivery format for their news. Users can select content by choosing from topics, sources, keywords, personality profiles or a combination of these methods.