Ozy Media is shutting down after reports about misconduct and lies at the company

after just three weeks on the job. Billionaire investor Lasry is the CEO of Avenue Capital Group and owner of NBA champions the Milwaukee Bucks.

"I believe that going forward Ozy requires experience in areas like crisis management and investigations, where I do not have particular expertise," Lasry said on Thursday. He added that he remains an investor in Ozy Media.that Ozy Media founder Carlos Watson lied when he claimed Sharon and Ozzy Osbourne invested in his company. The Osbournes filed a trademark lawsuit in 2017 over the company's name Ozy Fest, which is the firm's annual concert and festival.

Ozy also promised former producers that it was filming a show for A&E, according to a report from the Times on Thursday. But producers discovered that, too, was a lie, and that A&E never had plans to air interviews Ozy had filmed, according to The New York Times. Previous employees at Ozy told CNBC Friday that Watson ran the company as a charismatic and temperamental leader. His demands on reporters — including writing four feature-length stories a week with "flavorful" prose — led several employees to quit from burnout. CNNWatson would frequently boast of Ozy's reach at internal meetings, said three people who were present for them, but reporters and editors saw little evidence of Ozy's popularity.

Doing due diligence would easily uncover inflated unique visitors. 30 seconds on free site traffic tools will show that.

Unreal.

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