Ozy announces it is shutting down, media company faced scrutiny

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Canada News News

Ozy announces it is shutting down, following bombshell New York Times report

"At Ozy, we have been blessed with a remarkable team of dedicated staff," Ozy's board of directors wrote 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."

Carlos Watson and Samir Rao founded Ozy in 2013 on the promise of building a new kind of media company aimed at millennials, and garnered $83 million in funding and backing from many high-profile investors and celebrities.that Rao, Ozy's chief operating officer, was caught impersonating a YouTube executive during a fundraising call, along with raising questions about Ozy's audience metrics.

The fallout from the Times story came fast. The company was facing an FBI probe over the phone call incident. Advertisers and investors

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ahh. Renaming you mean.

Who dis?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ozy Media to Shut Down, Following Revelations of Questionable Business PracticesOzy Media is shutting down. Per a statement from the company’s board of directors: “At Ozy, we have been blessed with a remarkable team of dedicated staff. Many of them are world-class journa…
Source: Variety - 🏆 108. / 63 Read more »

Ozy Media is shutting down after a week of scrutiny into its businessOzy Media announced on Friday that it will cease operations. The announcement comes five days after the The New York Times published a bombshell report about its business practices, which kicked off additional scrutiny from other media outlets. Is poor say bombshell
Source: CNN - 🏆 4. / 95 Read more »

Ozy Media is shutting down after a week of scrutiny into its businessOzy Media announced on Friday that it will cease operations. The announcement comes five days after the The New York Times published a bombshell report about its business practices, which kicked off additional scrutiny from other media outlets. Is poor say bombshell
Source: CNN - 🏆 4. / 95 Read more »