Universal Ticker lets you place a scrolling ticker either in your menu bar or anywhere on screen.

This way you can keep track of the latest news, upcoming birthdays, music playing or you can even use AppleScript to display whatever you want.

Universal Ticker Screenshot

Ticker in the menu bar with iTunes contextual menu

Universal Ticker Screenshot

Ticker at the bottom of the screen

Resize your ticker window to any height you want. Universal Ticker will scale text automatically to fit the ticker size.