Stories for Jul. 28, 2014

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Billionaire eBay founder Pierre Omidyar says First Look Media, the new journalistic venture he is backing with a $250-million investment, will now be focusing more on a series of experiments aimed at figuring out how journalism can serve small communities of interested readers Read more »

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In Brief

Apple is buying the iOS podcast app Swell for $30 million, according to a Recode report. The transaction, which hasn’t been confirmed by either Apple or the Swell team, looks like a talent acquisition, as the app is reportedly being shut down later this week. Swell is one of a number of apps that puts a new spin on podcasts by streaming shows directly to mobile phones and using content recommendations for better discovery.

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