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The idea is when a user clicks on a link for a news topic they stay on my site and so does the content for that news topic. The idea also is to create a constantly growing archive section that is growing by the day.
Maybe to have a tool that pulls the RSS content into a database, parses out the relevant content and regenerates a static html page dynamically. Is this possible?
Generally if you're using someone else's feed there's an implicit understanding that you will provide links back to the source. You would have to check the terms of service/license agreement of each feed though.
This is an area that I know alot about as my company is one of the largest providers of professionally aggregated RSS news feeds.
Any reasonable person would consider this unethical and blatant content theft and almost without exception the news and content sources and providers that I am aware of prohibit this. Do this and eventually you will find yourself in lots of expensive trouble.
If you want display full article content then you will need to license and pay for it directly from the sources. Generally the major news souces charge thousands monthly for this as news content is expensive.
But check with the source first. Also, as AmeriClicks said - most services of these kind get a paid licence - if you have a budget, you might want to try contacting the source.