Tuesday Afternoon News

• CEOs Not Suffering as Badly as Shareholders - Newspaper Death Watch
• Gannett revenue drops 7.7 percent in April - Associated Press
• Internet-Ad Revenue Reached $21.2 Billion in 2007 - Ad Age
• Newspapers on Upswing in Developing Markets - NYT
• Union OKs contract with News Tribune - Duluth News
• Thomson Reuters axes 140 journalist jobs - Guardian
• The Senate stood up to Big Media - Ronnie Pineda
• Changes coming to Zell's KTLA - Kevin Roderick
• Times Union offering buyouts - Times Union
• Beantown's Bad News For Times - NYP