As US newspapers struggle for a business model for the digital age, the founders of a free online news site which recently celebrated its first birthday are optimistic about its future. "It's been an extraordinary year for us, far beyond any reasonable expectations I could have had," said Philip Balboni, president and chief executive of GlobalPost.com, which launched in January 2009. While Boston-based GlobalPost has yet to turn a profit, Balboni is heartened by how quickly the operation has been able to establish itself as a destination for international news. GlobalPost attracted more than 750,000 unique visitors to its website last month and is on track to surpass 800,000 in March. "We've set a goal for 2010 of going over the million mark," Balboni said. GlobalPost employs 70 correspondents in 50 countries, including veterans of The New York Times, The Washington Post, CNN and other major news organisations paying them a monthly retainer and shares in the company.
Global Post is at: http://www.globalpost.com/
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