It does not.
README:
1) Create a directory on your server ( e.g. cutenews )
2) Upload the content of the cutenews.1.4.6.zip to the directory you created in step 1
3) Now You must CHMOD the the directory cutenews/data/ and all files and
folders under the data/ directory must be also chmod'ed to 777.
4) Finally, go to
http://yoursite.com/cutenews/index.php with you favorite browser and fallow the instructions.
In your ftp client you'll need to right click the files and find properties or something and change the number to 777.