Google brings hope to US titles

XM, The San Francisco Chronicle, and ABC News

XM, The San Francisco Chronicle, and ABC News

Ups

Media Predict, a new virtual online market, allows traders to place bets on the success of unsigned authors and bands. Media companies can use the site as a gauge of public opinion

Google reportedly reaches a deal to pay some UK media outlets to carry its content, which could also lead to revenue-sharing deals for hard-hit US titles

XM debuts a satellite radio channel devoted to the 2008 election, in association with C-Span and other outlets

Downs

The San Francisco Chronicle tells its union that it plans to cut 100 newsroom jobs, representing 25% of the workforce

The New York Times Company's ad revenue falls 3.6% in April, and overall sales fall 2.2%. The company cites weak performance in its print media

Two Iraqi employees of ABC News - a soundman and a cameraman - are killed in an ambush after leaving work. Their attackers are still at large

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