In mid-February, [reporter Matt] Taibbi announced he was leaving Rolling Stone, where he has worked for almost a decade, to start a digital magazine for First Look Media, the company owned by eBay billionaire Pierre Omidyar. The last few weeks have been consumed with business matters-hiring editorial staff, signing off on designs. Taibbi won't discuss the exact format of the new venture, nor its name-that's still being worked out, too-but he sees it focusing, in part, on the same matters of corporate malfeasance he's been covering for years. What people expect, of course, is the ribald, loudly antagonistic voice of a writer who is, in his own words, full of outrage." The guy who compared Goldman Sachs to a "vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money." None of Taibbi's anger at the "toothlessness" of the media has dissipated. Taibbi says his decision to leave Rolling Stone was predicated in part on ... his desire to "be on Glenn's side." Glenn being Glenn Greenwald, who, along with Laura Poitras and Jeremy Scahill, is currently editing another First Look property, the national-security-centric The Intercept, which has been live since February. "Glenn's in this position of being a reporter trying to put out material that came from a whistle-blower, and now they're both essentially in exile. It's crazy. If the press corps that existed in the '60s and '70s had seen this situation, they'd be rising as one and denouncing the government for it," Taibbi says.