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.

huffingtonpost.com

Technology wing?