The Japanese news agency, NHK, has a section dedicated to providing news articles written in an easy to understand Japanese with a number of useful features that makes learning to read Japanese even easier.
The articles on NHK News Web Easy are only a few paragraphs long, written in basic Japanese, making for a quick read. All kanji in the articles are accompanied by furigana, allowing you to read the entire article, even if you don't know the meaning of that particular character. Additionally, an audio track allows you to hear the text read aloud, connecting word and pronunciation as you go. They also provided the original televised segment, so you can get a better idea of what people in Japan are getting when they watch TV.
They don't provided an English translation (not everyone speaks English), but the pop-up dictionary, Rikaichan, will show you the meaning of each individual character (along with its spelling in hiragana) and makes a great tool to use in conjunction.
With two articles posted everyday, there's always plenty of content to practice with. If you spent half an hour reading this everyday, you'd be able to read Japanese in no time.
Technical note: If you're having difficulty viewing the furigana in Firefox, try the add-on Furigana Injector.