It doesn’t get much better these media days than a billionaire backer and a Honolulu dateline. NUY prof Jay Rosen posted today that the Glenn Grennwald-Pierre Omidyar (pictured) venture that he is now also a part of will be called First Look Media:
First Look Media is made up of several entities, including a company established to develop new media technology and a separate nonprofit journalism organization. The journalism operation, which will be incorporated as a 501(c)(3), will enjoy editorial independence, and any profits eventually earned by the technology company are committed to support First Look’s mission of independent journalism. The name of First Look Media’s initial digital publication is yet to be announced.