Ozy Media Not Shutting Down But “Open For Business” Says Carlos Watson In Embattled Site’s Latest Twist

The Resident has ended on a heartbreaking note for Nic Nevin, played by Emily Van Camp.

In the first of what may well become a string of lawsuits against embattled Ozy Media, a fund manager that invested in the site accused it of fraud and asked for compensatory and punitive damages in a jury trial.

within a week’s span.In his letter, Watson did admit to several marketing falsehoods, including saying his self-titled talk show was picked up by A&E (it was not) and falsely advertising it’s marquee event, Ozy Fest. “In our effort to bring our best stories to a diverse array of people, we have often marketed hard.  Sometimes too hard, with bold claims and improper attribution,” he wrote. “That was wrong and I pledge to make sure we get better.”It’s unclear who the “we” are.

Brian Steinberg Senior TV EditorCarlos Watson indicated Monday morning that he had much to discuss with advertisers, even though his company, Ozy Media, has been besieged by a torrent of difficult news about its relations with investors, vendors and staff.

exposé shook the company, revealing leadership had inflated traffic numbers, not been entirely honest in advertising and once, notably, impersonated a Google executive in an effort to secure Goldman Sachs fundraising.“At Ozy, we have been blessed with a remarkable team of dedicated staff. Many of them are world-class journalists and experienced professionals to whom we owe tremendous gratitude, and who are wonderful colleagues.

Todd Spangler NY Digital EditorThe board of Ozy Media, the media and entertainment company accused of deceiving investors and advertisers, has had a change of heart and will not be shutting its doors, CEO Carlos Watson said Monday.“This is our Lazarus moment, if you will,” Watson said in an appearance on NBC News’ “Today” show.The about-face comes after Ozy announced Friday, Oct.

NEW YORK -- The CEO of Ozy Media on Monday called the company's announcement last week that it was shutting down “premature” and that after meeting with advertisers and other partners that it would continue to operate.“We have something special here,” Carlos Watson told CNBC on Monday morning.The board of directors of Ozy emailed a statement Friday saying the company was ceasing operations less than a week after a New York Times column raised questions about the media organization’s claims of

less than a week since The New York Times piece, the digital media company that raised a reported $83 million since 2012 is being abandoned by employees, senior executives and investors, including respected TV journalist and producer Katty Kay, investors Laurene Powell Jobs, Ron Conway and Marc Lasry, who resigned this week as chairman of the board just weeks after joining.Ozy billed itself as a modern media venture that was “ahead of the curve.” This week it has faced a daily onslaught of

Embattled digital media company Ozy Media said it will shut down, just days after a New York Times column exposed a range of dubious and even potentially criminal behavior by its executives.

Michael Schneider Variety Editor at LargeOzy 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.

reported that Watson’s resignation letter arrived to the board’s chairman just prior to the governance committee meeting later in the day to determine his status. Watson joined NPR’s board in 2016 and was re-elected for his second, three-year term on the board, which would have begun this month.

Sharon Osbourne said that Watson was lying. “This guy is the biggest shyster I have ever seen in my life,” Osbourne told CNBc.

The heat on Ozy Media has been turned up a notch after its chairman, Marc Lasry, decided to step down from the digital company.

Gordon Ramsay has revealed that out of the countless meals he’s served over the years as a celebrity chef, his best to date remains the fancy gourmet dish he whipped up for the late Princess Diana.

Michael Schneider Variety Editor at LargeFormer BBC News anchor and correspondent Katty Kay, who had just joined Ozy Media in late June, has announced her exit following the recent controversy swirling around revelations of the digital company’s practices.“Yesterday morning I handed in my resignation to Ozy Media,” Kay wrote on Twitter.

said in a statement posted to Twitter just after appearing on MSNBC’s “Morning Joe” earlier in the day to talk about former White House press secretary Stephanie Grisham’s forthcoming tell-all. “I had recently joined the company after my long career at the BBC, excited to explore opportunities in the digital space.

Ozy CEO Carlos Watson has stepped back as host of the documentary portion of the 42nd News & Documentary Emmy Awards slated for Wednesday in the wake of a weird revelation that his company’s co-founder impersonated a YouTube executive during a fundraising call with Goldman Sachs bankers.