MEDIA

More Details Emerge About Glenn Greenwald's New Website

American journalist Glenn Greenwald, right, and his partner partner David Miranda arrive to speak before a congressional comm
American journalist Glenn Greenwald, right, and his partner partner David Miranda arrive to speak before a congressional committee investigating reports, based on documents leaked by former National Security Agency contractor Edward Snowden, showing that Brazil was targeted by spy agencies from the U.S., Britain and Canada, at Congress in Brasilia, Brazil, Wednesday, Oct. 9, 2013. At left his Greenwald's partner David Miranda. Greenwald, the who broke the first stories about the NSA's global spy program, told the committee that the U.S. government "lies" when it says that the aim of the NSA spy program is to combat terrorism. (AP Photo/Eraldo Peres)

Eager media-watchers who have been waiting for more details about the new media venture that Glenn Greenwald and eBay founder Pierre Omidyar are launching finally got some information on Thursday, when Omidyar announced that the organization will be called First Look Media, and that he is putting an initial investment of $50 million into it.

Omidyar also said that the company will have two separate branches—one a for-profit technology wing, and the other a non-profit news and information site, which is presumably where Greenwald and his colleagues will be centered.

It's still not known when the news site is launching, or whether it will share the name of the umbrella company.

Read the full memo here.

Note: Omidyar is also CEO of Honolulu Civil Beat, which partnered with The Huffington Post to create HuffPost Hawaii.

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