GlobalPost offers world news to ailing U.S. papers


NEW YORK (Reuters) – Overseas reporting was one of the first areas curtailed by U.S. newspapers stung by deep budget cuts in recent years. GlobalPost, an online news outlet that launches on Monday, wants to restore that coverage.

With 65 correspondents in 46 countries, GlobalPost will have its own website and sell news to papers whose readers want in-depth, analytical stories that supplement what they get from news wires such as The Associated Press, Reuters and Bloomberg.

“There is an enormous appetite for knowing what’s happening in the world,” said Philip Balboni, GlobalPost’s president and chief executive. “It’s just not being met by traditional media.”

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