(AP Photo/Vincent Yu)
Wednesday Updates: Pierre Omidyar just out with his own statement. Among other things: "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."
Jay Rosen just interviewed Omidyar, his longest chat so far.
At the core of Newco will be a different plan for how to build a large news organization. It resembles what I called in an earlier post “the personal franchise model” in news. You start with individual journalists who have their own reputations, deep subject matter expertise, clear points of view, an independent and outsider spirit, a dedicated online following, and their own way of working. The idea is to attract these people to NewCo, or find young journalists capable of working in this way, and then support them well.
Earlier: Glenn Greenwald, in this case, had to deal with a hot news leak himself. News about him leaving The Guardian, apparently on okay terms, got out late yesteday afernoon before he had a chance to decide how he would describe the new media venture he is helping to launch. What this means about the future of further Edward Snowden/NSA stories was unclear. Buzzfeed reported it first:
Greenwald declined to comment on the precise scale of the new venture or on its budget, but he said it would be “a very well-funded… very substantial new media outlet.” He said the source of funding will be public when the venture is officially announced.
“My role, aside from reporting and writing for it, is to create the entire journalism unit from the ground up by recruiting the journalists and editors who share the same journalistic ethos and shaping the whole thing—but especially the political journalism part—in the image of the journalism I respect most,” he said.