Ozy shutting down after questions about the media company's claims
CBSN
Ozy is shutting down less than a week after a New York Times column raised questions about the media company's claims of having millions of viewers and readers, while also pointing out a potential case of securities fraud.
The story triggered canceled shows, an internal investigation, investor concern and high-level departures at the company. Ozy, which launched in 2013, had touted its ability to "being ahead of the curve" and "never [telling] a story that another national or international publication has already covered."
An emailed statement Friday from Ozy Media's board called it a company with many "world-class journalists and experienced professionals to whom we owe tremendous gratitude." It said it was "with the heaviest of hearts that we must announce today that we are closing Ozy's doors."
