Ozy Media CEO Carlos Watson says the company will not shut down after all
CBSN
The chief executive of Ozy Media on Monday called the company's announcement last week that it was shutting down "premature." The CEO, Carlos Watson, said the company would continue to operate following meetings with advertisers and investors.
"We have something special here," Watson told CNBC on Monday morning.
On Friday, the board of directors of Ozy emailed a statement saying the company was ceasing operations less than a week after a New York Times column raised questions about the media organization's claims of millions of viewers and readers, while also pointing out a potential case of securities fraud. The company had 75 employees, according to Axios.
Ashley White received her earliest combat action badge from the United States Army soon after the first lieutenant arrived in Afghanistan. The silver military award, recognizing soldiers who've been personally engaged by an attacker during conflict, was considered an achievement in and of itself as well as an affirming rite of passage for the newly deployed. White had earned it for using her own body to shield a group of civilian women and children from gunfire that broke out in the midst of her third mission in Kandahar province. All of them survived. She never mentioned the badge to anyone in her battalion.