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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Newspapers Move to Outsource Foreign Coverage

Tribune Could Close Dozens of Bureaus in Favor of Washington Post Deal; New York Daily News Signs Start-Up

From the Wall Street Journal:

Two major newspapers publishers are taking steps to outsource international coverage, as falling revenue is causing more U.S. papers to shrink their foreign and national footprint.

Tribune Co., which owns the Los Angeles Times and Chicago Tribune, is in talks with the Washington Post Co. about a deal to pay the Post for foreign and national coverage for Tribune's eight major dailies. Meantime, the New York Daily News has reached an agreement with a Boston-based start-up called GlobalPost to use the company's network of part-time foreign correspondents.

Together, the agreements could substantially overhaul the foreign news operations of three of the 10 largest U.S. newspapers. [Click for MORE]

> Tribune Co. weighing national, international news options

> News Media Run by China Look Abroad for Growth

> Russian Billionaire Held Talks to Buy U.K. Paper

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