See it at GlobalPost.com

Now, you might be asking yourself, what's GlobalPost?

From the AP story via Google News:

As budget cuts force many U.S. newspapers to retrench on their foreign coverage, veteran journalist Charles Sennott saw virtually no chance of getting another assignment abroad.

So Sennott left The Boston Globe to start his own news organization, GlobalPost.com. It launches Monday with 65 journalists, including veterans of major news organizations such as CNN, The Washington Post, Time magazine and The Associated Press.

The free Web site, supported by ads, will offer regular dispatches for an American audience to supplement coverage from the AP, Reuters and other news organizations still covering the world. GlobalPost also will sell stories to papers to run in print or online.

"We cannot cover every plane crash or be there for every press conference," Sennott said. "What we can do is have a network of talented writers who live in the places they write and who deliver stories that are comparable to a metro newspaper's columnist, stories that connect the dots, that give you a sense of a place in a relatively short space."

At launch, Boston-based GlobalPost will span nearly 50 countries, including Brazil, Indonesia and other regions that Sennott believes are undercovered in American media. Reporters also will be concentrated in key emerging markets like China and India.

Journalists will generally be paid $1,000 a month as part-time freelancers, meaning they'll likely continue working for other outlets as well. In fact, Sennott has discouraged applicants from leaving full-time jobs.

GlobalPost is providing its recruits with digital video cameras and some travel expenses, but they will work from home, eliminating office costs. In high-cost regions like Iraq and Afghanistan, the company looked for freelancers who already have contracts with larger organizations footing the bill.

Journalists also will receive equity stakes in the privately held company, Global News Enterprises. Those shares vest over five years and collectively could give the journalists ownership of half of the stake that is not held by the company's 14 original investors. Those investors, who have put up $8.2 million, include former Boston Globe Publisher Benjamin Taylor and Paul Sagan, chief executive of Akamai Technologies Inc. in Cambridge, Mass.