GlobalPost Launches Service With $8.2 Million in Backing - Boston, MA

GlobalPost, a Boston-based online media company focused on foreign news, launched on Monday, with $8.2 million in backing. The company hopes to fill the dearth of international news coverage in recent years, amid a wave of cutbacks in foreign bureaus by newspapers and media companies. TechCrunch reported that investors in the company include Amos Hofstetter, Akamai CEO Paul Sagan, and Boston Globe publisher Benjamin Taylor. GlobalPost will provide daily international news from around the world, relying on 70 correspondents in 53 countries. The company was founded by media entrepreneur Philip Balboni and foreign correspondent Charles Sennott. “We are building an international news organization for the digital age, yet with strong roots in traditional, accurate, thoughtful foreign reporting,” said Balboni.

http://www.globalpost.com/