EBay Founder Previews New Media Venture

"First Look Media" drew in Glenn Greenwald

Pierre Omidyar, the tech entrepreneur and philanthropist, has released a video with new details on his forthcoming journalism venture, "First Look Media," which is set to launch later this year.

"'First Look Media' is a marriage between a technology company and a new kind of newsroom," Omidyar, the founder of eBay, announces in the video. "Our goal is to experiment, innovate and overcome existing obstacles to make it easier for journalists to deliver the transformative stories we all need."

The highly anticipated new site was first announced after news broke that Glenn Greenwald, the journalist who published many of Edward Snowden's NSA leaks, would be leaving The Guardian to join Omidyar's new venture.