Foreign-news Website GlobalPost, which is populated by some 70 affiliated correspondents in 50 countries, will provide reporting to CBS News under terms of an agreement to be announced Monday, The New York Times reported.

CBS News will pay a monthly fee to GlobalPost, and the agreement covers information but not on-air appearances, according to the Times.

GlobalPost was founded by New England Cable News creator Philip Balboni and The Boston Globe longtime foreign correspondent Charles Sennott, and Balboni told the Times talks between his company and CBS News intensified after the two parties collaborated using reporting by GlobalPost correspondent Jean MacKenzie on the Taliban skimming American aid in Afghanistan.

Balboni told the Times:

Having a broadcast-network partner was a high priority for us, and to be associated with CBS News is a great validation of what we are trying to build. We hope to become an important source of international news for Americans, and this partnership is a big step in that direction.

And CBS News executive vice president Paul Friedman said in a statement:

We are excited about increasing CBS News' resources and very pleased to work with GlobalPost's impressive global network of talented and experienced freelance journalists. With this exclusive arrangement in place, CBS News will have unmatched access to first-rate journalists with expert knowledge of the countries they live in and cover.