Reuters with more on new Omidyar media venture which drew Greenwald

Reuters’ Sarah McBride has more on the media venture in the works from eBay magnate Pierre Omidyar, which has been generating ceaseless buzz since it was “leaked” and then confirmed by journalist Glenn Greenwald that he was leaving the Guardian for a new, “substantial” endeavor.

(Reuters) – EBay Inc founder Pierre Omidyar on Wednesday said Wednesday he is building an independent media organization covering news from sports to politics for mainstream readers, spearheaded by big names including ex-Guardian correspondent Glenn Greenwald.

Omidyar, the 46-year-old French-born Iranian-American who remains chairman of the e-commerce giant he founded, wrote in a blog post that he considered buying the Washington Post – which Inc founder Jeff Bezos eventually snapped up – but decided he wanted to build a news organization from the ground up.

“Right now, I’m in the very early stages of creating a new mass media organization. I don’t yet know how or when it will be rolled out, or what it will look like,” he wrote.

“I developed an interest in supporting independent journalists in a way that leverages their work to the greatest extent possible, all in support of the public interest. And, I want to find ways to convert mainstream readers into engaged citizens. I think there’s more that can be done in this space, and I’m eager to explore the possibilities.”

via Ebay founder to launch independent mass-market news venture  


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