.co.cc domain name isn't all that exciting, try going for a .com Also, news sites tend to be very hard to compete against, just think how many stories are out there at the moment that are similar or identical to the stories already covered on your site, you have ALOT of competition. You're basically up against billion dollar companies like CNN...FOX and the like
Yeah , nice design. It does communicate the message quite clearly. You should do something about the domain name which is quite odd and hard to remember. For such a competitive niche , lots of promotion is also required I guess.