Not exactly news, but for those that haven't seen this yet through Publisher's Weekly it's a microsite called Book Life. Great resource for book blogs and reviews.
With the demise of the newspapers, Second Pass creates an online publication for serious literary reviews. An interesting example of long tail publishing.
Blog entry about Yelp's answer to criticism that its favorably reviewed places, while ostensibly crowdsourced, were actually paid for.
Will this help Yelp? Time will tell....