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Ozy Media CEO Says Company No Longer Shutting Down: ‘This Is Our Lazarus Moment’

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The embattled digital media company is reversing course and will no longer shut down amid newly surfaced allegations about possible fraud and poor business practices.

following a series of damning accusations about its business practices, Ozy Media CEO Carlos Watson said Monday the embattled digital media company has reversed course and is no longer shutting down. ... [+]Watson told NBC’sshow that the change of heart followed conversations with advertising partners, investors and members of Ozy Media’s audience, though he refused to disclose who exactly is still backing the company.

Based on those conversations, Watson said he believes “Ozy is part of this moment” and its key products—including TV shows and podcasts—have “a place.” against Ozy: that its co-founder and COO Samir Rao impersonated a YouTube executive in an attempt to secure $30 million in funding from Goldman Sachs.

Watson said he had no knowledge that Rao planned to impersonate the executive, an action he described as “sad” and “wrong,” and claimed Goldman Sachs formed a new advertising partnership with Ozy Media “several months later” During the interview, Watson also pushed back against other claims against himself and the company, including that he

 

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really? so who's your Jesus?

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Ozy Media CEO says company is still in business: ‘This is our Lazarus moment’Ozy Media is still operational despite initially announcing it was shutting down last week following a critical report about its alleged business practices.
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Carlos Watson Says Ozy Media Won’t Shut Down After All: “We Are Open For Business”Watson told NBC's 'Today' show that the company has reversed its plans to shut down after speaking with advertisers and investors. Scam artists gonna scam. 'Last week was traumatic, it was difficult, heartbreaking,' Carlos Watson said. 'We talked to advertising partners, some of our readers, some of our viewers, some of our listeners, some of our investors, I think Ozy is part of this moment' More details: Please go away
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