Monday, March 23, 2009

A Web Site’s For-Profit Approach to World News

Philip Balboni, left, and Charles Sennott, founded GlobalPost, a news site with 65 correspondents worldwide. [Jodi Hilton for The New York Times]

Overseas reporters have been a casualty of budget-chopping news organizations, leaving an opening for the online start-up GlobalPost. But at a time when many news executives are exploring nonprofit business models to keep specialized reporting flowing, GlobalPost, which made its debut on Jan. 12, is intended to be a moneymaking venture.

With 65 correspondents worldwide — drawn from a surfeit of experienced reporters eager to continue working in their specialties even as potential employers disappear — GlobalPost has begun offering a mix of news and features that only a handful of other news organizations can rival. [Click for MORE]

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