The new venture, described by a source familiar with it as "rather extraordinary," will be web-based and funded by a philanthropist, POLITICO has learned. In h

The new venture, described by a source familiar with it as "rather extraordinary," will be web-based and funded by a philanthropist, POLITICO has learned. In his interview with Smith, Greenwald said it would have major financial backing and would have hubs in New York City, Washington, D.C., and San Francisco. He disclosed no further details, but called the venture "momentous" and said it will be "be unveiled very shortly.”