Ozy Media Says It Is Shutting Down
The New York Times
The digital media start-up, led by Carlos Watson, had come under scrutiny for its business practices following articles in The Times.
Ozy Media, the digital media company that came under scrutiny for its business practices in recent days, announced on Friday that it was shutting down.
“At Ozy, we have been blessed with a remarkable team of dedicated staff,” the company’s board of directors said in a statement. “Many of them are world-class journalists and experienced professionals to whom we owe tremendous gratitude and who are wonderful colleagues. It is therefore with the heaviest of hearts that we must announce today that we are closing Ozy’s doors.”
The company, led by the former MSNBC anchor Carlos Watson, debuted in 2013. It attracted high-profile investors including Emerson Collective, the organization run by Laurene Powell Jobs, and Marc Lasry, a hedge fund manager and the co-owner of the Milwaukee Bucks basketball franchise.
