Ozy Media is not in Kansas anymore. Or in any other jurisdiction. The company has decided to cease operations, according to a Twitter post on Wednesday. “In light of its current operational and legal challenges, the OZY board has determined that it’s in the best interests of its stakeholders to suspend operations immediately,” the tweet said. The decision comes shortly after Ozy Media founder Carlos Watson was arrested and charged with fraud by federal investigators, according to multiple news reports.
NEW YORK (AP) — The founder of the troubled digital start-up Ozy Media pleaded not guilty Thursday to federal fraud charges accusing him of scheming to prop up his financially […]
The company’s rapid downfall — and EEO Carlos Watson’s unexpected Today interview — pulled back the curtain on the open secrets of digital media it attempted to exploit.
CEO Carlos Watson has dismissed reports that his embattled company is shutting down, but it remains to be seen if wary advertisers will come rushing back.
Carlos Watson, a former former cable-news commentator and host who founded Ozy in 2013, told CNBC Monday morning that he has been meeting with advertisers and investors over the weekend and that he wants Ozy to continue to be around. The company did not answer emailed questions Monday about whether employees were still working or getting paid or how Ozy intended to stay open.
What They Saw In Ozy
The story behind the story is about the elite investors who plowed millions into a media dream without much due diligence, persuaded by the charm of Ozy’s head, Carlos Watson.
Exclusives
LOS ANGELES (AP) — PBS says it’s launching a weekly series as a forum for what it called “spirited and civil” discussion of national issues. The series, “Point Taken,” will […]
