Kevin: GlobalPost expects to generate $1 million in revenue this year and $3 million next, reported Nieman Lab, from notes taken by Bill Densmore at a seminar organised by the Joan Shorenstein Center at Harvard, entitled "How to Make Money in News: New Business Models for the 21st Century."
I'll be looking for a breakdown on how much revenue comes from advertising, syndication and their membership scheme. The site currently only has 500 paying members so I would expect that part of the revenue picture to be relatively small. I'd also be interested to see how it is working out for individual journalists working for the site.
Kevin: Chicago is turning into a very interesting laboratory for new news models. The Chicago News Co-operative and reconstituted ChiTown Daily are pursuing different models. ChiTown Daily tried to pursue grant-based online model and has switched to a print tabloid focusing on 'City Hall', Chicago city politics. Both the ChiTown Daily and the Chicago News Co-operative will be focusing on City Hall "and and other big institutions that dominate civic life in Chicago".
I am sure that they can find some success, but unless they connect with readers beyond these institutions (which they seem to have a plan to do), I can't see them being anything but niche players.