More details have emerged about Glenn Greenwald's new journalism venture, with Reuters reporting that Greenwald has partnered with billionaire eBay founder Pierre Omidyar for a new independently funded site. The venture will also include Laura Poitras, the documentarian who played a crucial role in the recent Snowden leaks, but not Washington Post reporter Barton Gellman, who has collaborated with Greenwald and Poitras for a number of recent NSA stories.

Update: Speaking to NYU's Jay Rosen, Pierre Omidyar has elaborated on the unnamed new project. He says the site will be based on a personal franchise model of journalism, attracting "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 site will be funded by Omidyar personally, not through the Omidyar Network, but is intended as a for-profit venture rather than a non-profit charity. Omidyar says the project grew out of his failed bid to purchase The Washington Post, which was subsequently purchased by Amazon's Jeff Bezos, and the same $250 million that would have gone to buying the Post will now be poured into this new venture.

Update 2: Pierre Omidyar has made a statement on the Omidyar Group site, saying, "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."