First, came Warren Buffett. Then, Jeff Bezos. Now, Pierre Omidyar has become the third prominent billionaire to try his hand at finding a popular and profitable business model for funding quality journalism in the digital era. 

Apart from the common bond they share with a collective net worth approaching $100 billion, each of the business superstars is pursuing a distinctly different path in the quest for the elusive next-gen news model, as discussed more fully in a moment.  Given their divergent strategies, could they all be right? Only time will tell. 

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