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"Ebay founder Pierre Omidyar's new company now has $50 million a name: First Look Media.\nThe company is split into two parts: an independent, non-profit media venture with Glenn Greenwald and a for-profit technology business. It was previously unclear as to whether the journalism side would attempt to turn a profit. However, it may still bring in revenue with ads.\nSee also: 11 Shocking Google Earth Before-and-After Photos\nJust hours after leaving The Guardian in October, reports emerged that Omidyar had stepped up to fund a new media project with Greenwald, who worked with Edward Snowden to bring to light the National Security Agency's surveillance system.\nWhile many expect that the new journalism venture will primarily center on investigative pieces, the release states that First Look Media will cover politics, government, sports, entertainment and lifestyle, arts and culture, business, technology and investigative news.\n\u201CI am deeply committed to the long\u2013term effort to build a new and exciting platform for journalism \u2014 one that not only provides the innovation and infrastructure journalists need to do their best work, but that brings their reporting and storytelling to the widest possible audience,\" Omidyar said in the press release.\nOther accomplished investigative journalists \u2014 Laura Poitras, Jeremy Scahill, Dan Froomkin and Liliana Segura \u2014 have already joined the outlet.\nImage: Getty/Evaristo Sa\nHave something to add to this story? Share it in the comments."^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2013/12/19/omidyar-greenwald-venture/>