Just signed up to try this as a contributor after receiving a tweet from the organisation which read: "@helpingmedia Soon we'll be providing a free platform for journalists around the world to sell stories and respond to paid assignments. RT?!"
I have no experience of Newsmodo but this is from their site:
"Designed by journalists, Newsmodo is a revolutionary platform that allows media professionals to source or sell newsworthy content worldwide. Organisations can access the secure site to find the images, video and copy they need for print, tv and online publications. Reporters and camera operators in every continent can submit their work for sale and respond to real assignments, getting the stories newsrooms need, fast and cost effectively.
"Contributors to newsmodo will build their own portfolio, monetize their work, undertake assignments and develop relationships with the media.
"Using the latest in geo-tagging, payment gateways and video encoding technologies, Newsmodo delivers content securely and immediately."