While wading through my Twitter stream, I saw an interesting tweet by @SECottrell. Her link led me to News in Slow Spanish which is basically what is says. From the site:
News in Slow Spanish is a podcast for those who already possess a basic vocabulary and some knowledge of Spanish grammar. Your host is a native Spanish speaker from Spain. Our section Explorando Latinoamérica is hosted by a native speaker from Latin America. In our program we discuss the Weekly News, grammar, and expressions, and much more in simplified Spanish at a slow pace so that you can understand almost every word and sentence.
There is both free and paid content. The free content includes the audio with a transcription of the introduction (not the entire audio). Several words are highlighted in the transcription which you can hover your mouse over to see a translation in English. The paid content includes grammar lessons, expressions review, pronunciation practice, flashcards, grammar exercises and more depending on the subscription level. You can find a demo episode on the homepage.