From a New York Times story by Michael M. Grynbaum headlined “‘The Era of the Foreign Correspondent Is Over’: Justin Smith on His Media Start-Up”:

It will be named for a word that is the same in dozens of languages. It will recruit English-speaking journalists from countries like India and Singapore to cover the news. And according to its co-founder, “The era of the foreign correspondent is over.”

These are among the ideas in store for the new media venture led by Justin Smith, the former chief executive of Bloomberg Media, and Ben Smith, the former editor of BuzzFeed and media columnist for The New York Times, according to remarks by Justin Smith during an online seminar.