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That is one of the most frequent questions after the blank screen question. The empty front page is where you can put anything you want. Lots of answers depending on your needs but if you want to highlight the news you can put in one or more of the news blocks, Spotlight, custom blocks, almost anything.
On my own site I have left & right blocks and then a custom block and spotlight in the centre.
Too many variables and choices to mention here but a search will bring up lots of options for the front page content.
