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Thoughts on Omidyar & Greenwald's New Journalism Venture

Just read "Why Pierre Omidyar decided to join forces with Glenn Greenwald for a new venture in news" over at Jay Rosen's PressThink. So much of this makes me near giddy. The potential: amazing! Combining key stakeholders within both the online business sector (Pierre Omidyar founded eBay, for you who don't know. And I'd like to think any reader here would know Glenn's work. If not, here's his Wikipedia article. These are the higher profile collaborators. Read the article for a more in-depth list).

Not many details released yet, I expect that these are getting hashed out as we speak. their motivations, though, and the backgrounds of the collaborators are what give me the most excitement. This combination of talent presents an amazing opportunity to deeply innovate this space. Both from a financial side (let's face it, modern news has struggled with finding a sustainable financial model) as well as deeply utilizing elements of the modern web culture, and, lastly, bringing a renewed focus on the core of journalism's power: investigation. Watching the watchers, pushing deep and holding our society's leadership accountable (note: not just government) is critical, but a weakened force right now.

Anyway, these are the thoughts that roll off my keyboard this morning. I look forward to learning more as this gels.


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