Hi Laura,

The URL Picker stores its various properties in url-picker XML nodeset, so to access each property you'd use something like:

<xsl:variable name="newsLinkName" select="$featuredItem/newsLink/url-picker" />
<a href="{$newsLinkName/url}">Read the full story » </a>

But, the datatype can store different types of URL's - media, content, string, etc - so the URL field can be different depending on the type.  Here's a snippet I used in a past project to handle all different types, and the open in new window option:

       <a href="#">
          <xsl:attribute name="href">
            <xsl:choose>
              <xsl:when test="$urlXml/@mode = 'URL'">
                <xsl:value-of select="$urlXml/url"/>
              </xsl:when>
              <xsl:when test="$urlXml/@mode= 'Content'">
                <xsl:value-of select="umbraco.library:NiceUrl($urlXml/node-id)"/>
              </xsl:when>
              <xsl:when test="$urlXml/@mode = 'Media'">
                <xsl:value-of select="umbraco.library:GetMedia($urlXml/node-id,false())/umbracoFile"/>
              </xsl:when>
              <xsl:when test="$urlXml/@mode = 'Upload'">
                <xsl:value-of select="$urlXml/url"/>
              </xsl:when>         
              <xsl:otherwise>#</xsl:otherwise>
            </xsl:choose>
          </xsl:attribute>
          <xsl:if test="string($urlXml/new-window) = 'True'"><xsl:attribute name="target">_blank</xsl:attribute></xsl:if>
          <span>Read the full story...</span>
        </a>

Let us know if you have any questions