Digg, the social news website, has been vocal about its intent to release a service that would replace Google Reader since the search giant’s announcement of its pending shutdown back March.

You have to admire Digg.  Instead of just releasing a new service ASAP, it asked Google Reader users which features they want in a news reader, and if they were willing to pay for such a service if it did exist.  Digg discovered that over 40 percent of survey respondents are willing to pay for the service, and that two-thirds of respondents want a “Read Later” feature.

Digg has announced that the beta version of its reader will be available in June, and will come with social and “Read Later” features, among other perks.

Joining Kristin Feledy on this morning’s Live NewsDesk Show is SiliconANGLE Contributing Editor John Casaretto with his Breaking Analysis on Digg’s news reader and the importance of having a “Read Later” feature.

“Much like what you would do on YouTube, their view later service, in other words its a way of tagging or marking something to be read, in YouTube’s case to be viewed at a later point.  What they’re looking to do is integrate this with a bunch of services like Evernote, Instapaper, Readability, Pocket – a way to tag certain things, bring it into your reader application and use that in a way that you can go through these large lists of feeds, tag certain things and check those particular ones you picked out at a later date.”

Simply put, Digg wants to give readers the power to control when they want to read about certain topics without having to go to Google, search for the topic, and go through all the related articles.

Google Reader will be bidding users farewell on July 1st, so Digg is on a tight deadline if they want to launch the beta version with all their desired features in June.

For more of Casaretto’s Breaking Analysis, checkout the NewsDesk video below: