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I only use one NewsReader on my devices! It is called GoNews from SBSH Mobile Software.

Now they have made it even better with an updated version 1.3 that adds support for Windows Mobile Smartphones (non touch screen devices) for the first time! This release supports both Windows Mobile Touch and Non-Touch screen devices!

 GoNews 1.3 Release Highlights

• Non Touch Support – The new GoNews version is the first version to support both Windows Mobile Touch and Non-Touch (Smartphone) devices!
• Optimized for Mobile – GoNews is optimized for use with any type of Windows Mobile device! Featuring complete touch-interface when installed on touch devices – optimized specifically for use with devices without stylus, such as the new HTC HD2. When installed on non-touch devices, GoNews adopts an interface optimized for D-Pad navigation and Smartphone hardware controls!
• Faster Updates – Further optimizations implemented with GoNews engine as part of this new release, making it the fastest and greatest version of GoNews available!

Click here to read the release note from their development team and find out more about the new SBSH GoNews release

Pricing and Availability
SBSH GoNews costs $14.95 and is available for Windows Mobile Touch and Non-Touch devices.

Find out more about  the Touch Screen version of GoNews here at SBSH Mobile Software

or check out the non-touch version here