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Global News Enterprises

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Operates GlobalPost, an international news gathering site with a worldwide network of professional foreign correspondents. In the wake of failing newspapers, GlobalPost hopes to create a low-cost alternative to producing quality international journalism. Each correspondent gets a $1,000 a month stipend plus shares in the company.

Revenues are expected to come from advertising, syndication fees, and customized country reports.

Milestones

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• 
  Global News Enterprises added Charles Sennott as Executive Editor and co-founder.
  Posted 1/12/09 at 12:07pm
• 
  Global News Enterprises added Philip Balboni as CEO and co-founder.
  Posted 1/12/09 at 12:07pm
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  Global News Enterprises received $8.2M in Series A funding.
  Posted 1/12/09 at 12:07pm

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Sources

1. International Herald Tribune (iht.com) [edit]