Hi Mike Drag,
Thank you for your question.
Yes, there is a way - this what the API is for :) Please take a look at the following dev. manual articles:
I guess that the easier way of creating an news item would be to save the excel file as a CSV file, then parse the CSV file and create the content items.
Please let me know if you need a specific example for this.
I hope this helps.
the Telerik team