First Look Media (Firm)

First Look Media is an American nonprofit media organization founded by Pierre Omidyar in October 2013 as a venue for "original, independent journalism". The project was started as a collaboration with Glenn Greenwald, Jeremy Scahill, and Laura Poitras with a promised $250 million in funding from Omidyar. The organization announced plans to support multiple publications, the first of which was The Intercept, launched in February 2014. A second publication was announced in February 2014 that would focus on financial and political corruption, headed by Matt Taibbi. Although the name of the publication was not publicly announced, the name Racket was reportedly chosen. The publication was to be launched autumn 2014 but in October, it was reported that Taibbi was on leave after "disagreements with higher-ups". On October 28, Omidyar stated in a press release that Taibbi had left First Look.