In a post on the DailyMe site, Budde, who is also former editor and publisher of the Wall Street Journal Online, said his new company is like Yahoo News in that it will aggregate news from many sources. Unlike Yahoo, however, it doesn't have a huge built-in audience.
"As a lean startup, we can move quickly to adapt to what we learn from you as we work to create the best place to discover, consume, share and participate with the news that interests you across all digital platforms," he wrote. Budde left Yahoo in December.
--Mark Walsh