GlobalPost, a new and upcoming online money maker, plans to make its debut on January 12, taking the place of 65 correspondents worldwide. GlobalPost offers a mixture of news and featured stories. Only a handful of news organizations can compete with them.
If their business plan succeeds, it will depend on how many people will sign up for the separate paid section of the site, which was suppose to be available in test mode beginning last week, but is expected to go online in a few days. GlobalPost, gets access from Passport, which includes reports on business topics that are not necessarily interesting to the general audiences, meetings with reporters, conference calls, and breaking news e-mail messages from journalists.
Passport subscribers can suggest article ideas and if you are a member you will also have a voice at editorial meetings. Passport is meant to creat a feeling of community for their subscribers who may see newsrooms as inaccessible. A dozen or more have signed up for Passport, including GlobalPost's other founder and the president and chief executive. They hope that marketing partners will generate the majority of the subscriptions.
"More encouragingly, a third revenue stream has been growing, as the company has signed up a growing number of news outlets, including The Daily News and The Boise Weekly of Idaho, to carry its reports and have use of its correspondents. CBS Radio News recently signed a nonexclusive deal. It will be able to call on GlobalPost correspondents during breaking news , as a backup to its own reporters, said Harvey Nagel, CBS New's vice president of radio."
“This is definitely a forward-looking model, but it remains to be seen whether the audience materializes and whether they can execute,” Mr. Mutter said, adding that “I think everyone wishes them well because they are pretty close to what the future will be for news publishing.”
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Wow this is a change. Hopefully this will be something that we as the target audience can relate to. Something like this will eventually take away our news stations and newspapers. This will definitely change the way we look at media in not only our country but the world as well. I can't wait to hear for more news on this issue. Great post.
ReplyDeleteThis seems like something that could be a huge breaking point for news and how it's distributed. Many print factories and papers could be affected by this developing plan, as well as news stations.
ReplyDeleteIn my opinion, I think it is a pretty good idea, bringing stories together for people to access quickly. It makes a lot of researching easier having the tools all on one network.
This is definitely "thinking outside the box," and I love it. I think this is a fantastic idea, and I'm going to look into subscribing to the website. Involving the readers in the newsroom process will make readers realize the value of quality news. This may save the news industry.
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