Battle of the New Media Billionaires: One Trying to Save Something Old, One Trying to Start Something New

By: Mathew Ingram | paidContent

For anyone who cares about journalism in the digital age, the last month or so has been like an extended version of Christmas morning, unwrapping one giant present after another — first, Amazon founder Jeff Bezos bought the Washington Post, raising all kinds of exciting possibilities for the revival and digital rebirth of that great institution. Then, on Tuesday, another bombshell: eBay founder Pierre Omidyar isbankrolling a new journalistic venture featuring crusading Guardian reporter Glenn Greenwald.