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When billionaire Pierre Omidyar announced First Look Media, it sounded too good to be true
The media company would be well-financed from the former eBay founder's fortune and seek to provide a place for the best journalists to independently operate, pursuing stories that other outlets could not or would not publish. Some of the most talented and respected reporters and writers joined, The Intercept launched and the dream seemed like it could be coming true.
Then problems began to emerge. Matt Taibbi, who had been brought in to start another vertical, leftThe Intercept wrote a story on the departure and what had been going on inside First Look MediaThe Intercept's editor in chief, John Cook, also left. The initial promises from Omidyar had been scaled back, and the independence of the publication had come under question. Read more...
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