Hopefully some of the more vocal proponents will see their jobs shift.

i think you misunderstand whose jobs are shifting . these are NOT journalists . reuters ( since aquiring multex is now one of the major source of financial data on public listed companies . the jobs are really data entry from SEC ( and it's european counterparts ) and creating a financial profile . for example if you go to yahoo financial and look at any US company the data are from reuters financial ( what use to be multex ) . it is not all that different from other back office outsourcing . not at this stage any way . this is not to comment on outsourcing per say . just a clarification.

badri,
I caught whose jobs are actually moving, I am just hoping the trend will move on to the journalists.

Moving even a small chunk of the reporting work to Bangalore is significant from the journalists' point of view for two reasons:

1) It almost certainly destroys the classic journalistic career progression of research --> scutwork reporter --> full-fledged reporter. (That progression had been becoming rarer anyway, but this kind of arrangement makes it virtually impossible.)

2) It could erect even more of a wall between the people who crunch the numbers and think about their nitty-gritty implications and the people who talk to the CEOs, marketers and other spinners -- a generally more corporation-friendly situation, and less conducive to real reporting.

"Only low level jobs are being outsourced offshore" is nonsense. Whether it is a high level or a low level job it is one more American deprived of an income and not paying (or paying lower) local, state, and federal taxes. The jobs being created pay less and have lower to no benefits. It is one more American family at risk for publicly funded healthcare and safety nets. Free Trade and Globalization are good for the U.S. Economy now but the derived wealth is unevenly distributed and in the long run will gut the middle class creating a vast slum of the super rich and the pitiful poor who serve them.