This is how I used a field from a content type, within a view to do a link rewrite for Drupal 7. I got the field machine name "field_news_link" and used that in both the Rewrite results Text area, and Link path. This lets me use, what in this case is a remote url, and output it as a link with the text "Read More...". By deault Drupal with display this field as text.