A new company called GlobalPost launched this week with a plan to provide outsourced international news reporting to various MSM outlets. The New York Daily News has signed on. The WSJ has a write-up today on Global Post, along with the news that the Tribune Company is looking to outsource its international reporting to the Washington Post:

Two major newspapers publishers are taking steps to outsource international coverage, as falling revenue is causing more U.S. papers to shrink their foreign and national footprint.
Tribune Co., which owns the Los Angeles Times and Chicago Tribune, is in talks with the Washington Post Co. about a deal to pay the Post for foreign and national coverage for Tribune’s eight major dailies. Meantime, the New York Daily News has reached an agreement with a Boston-based start-up called GlobalPost to use the company’s network of part-time foreign correspondents.
Together, the agreements could substantially overhaul the foreign news operations of three of the 10 largest U.S. newspapers.

I’m clicking around GlobalPost’s site and it looks pretty interesting. If they can deliver a quality product, this could be a model to help papers deliver the news they want at a price they can pay.