import sys
from PySide import QtCore, QtGui, QtWebKit

app = QtGui.QApplication([])

class HtmlLabel(QtWebKit.QWebView):
    def __init__(self, parent=None):
        super(HtmlLabel, self).__init__(parent)
        palette = self.palette()
        palette.setBrush(QtGui.QPalette.Base, QtCore.Qt.transparent)
        self.setPalette(palette)
        #self.setAttribute(QtCore.Qt.WA_TranslucentBackground)

    def sizeHint(self):
        return QtGui.QLabel.sizeHint

mainWidget = QtGui.QWidget()
mainWidget.setLayout(QtGui.QVBoxLayout())

news = QtGui.QLabel()
news.setSizePolicy(QtGui.QSizePolicy.Expanding, QtGui.QSizePolicy.Fixed)
news.setAlignment(QtCore.Qt.AlignCenter)
news.setTextFormat(QtCore.Qt.RichText)
news.setWordWrap(True)
news.setOpenExternalLinks(True)

webNews = HtmlLabel()

mainWidget.layout().addWidget(news)
mainWidget.layout().addWidget(webNews)

html = '''<p><span style="font-size: 17px;"><span style="color: #993300;"><img style="margin-right: 15px; vertical-align: top;" src="https://pypi.python.org/static/images/python-3.png" alt="announcements" /><cite>some text that is pulled from a website but which will be quite simple.</cite></span></span></p>'''
news.setText(html)
webNews.setHtml(html)

mainWidget.show()

sys.exit(app.exec_())