Yes, WordPress is capable for blogging and news magazine sites. It has all the capabilities, which should be in the finest platform such as ease of use, thousands of plugin support, no more coding, Auto update into new version with a single click, thousands of pre-made themes, easily add/remove/modify post and pages, totally Seo infrastructure and much more.
WordPress is a trendy and fast growing free open source for everyone. Tumbler, Blogger and Joomla these are also popular and running on millions of websites. According to WordPress, daily 50K+ users starts his journey by using WordPress. Now it's all rely on your choice and taste!