Ozy Media is not in Kansas anymore. Or in any other jurisdiction. The company has decided to cease operations, according to a Twitter post today.
Ozy Media is not in Kansas anymore. Or in any other jurisdiction. The company has decided to cease operations, according to a Twitter post today.
Todd Spangler NY Digital Editor Lawyers for Ozy Media, the defunct media and entertainment company founded by Carlos Watson, allege in a new lawsuit that Ben Smith, BuzzFeed and Semafor (the media startup co-founded by Smith in 2022) misappropriated Ozy’s trade secrets “for their own benefit.” The suit additionally alleges that BuzzFeed breached a nondisclosure agreement it entered into with Ozy in 2019 as part of its efforts to buy the company. Lawyers representing Ozy Media allege that Smith, former BuzzFeed News editor-in-chief and New York Times media columnist who is currently editor-in-chief of Semafor, wrote “a series of hit pieces” about Ozy Media but that he did not disclose “his central role in BuzzFeed’s efforts to buy Ozy two years earlier” while he was at BuzzFeed.
Todd Spangler NY Digital Editor Ozy Media has closed its doors after Carlos Watson, the digital media and entertainment company’s founder and CEO, was arrested and indicted on federal fraud charges. ”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 company said on its Twitter account Wednesday. The company’s website, ozy.com, was unreachable as of Wednesday evening. On Feb. 23, Watson was arrested in Manhattan and charged with conspiracy to commit securities fraud and conspiracy to commit wire fraud in what the Justice Department alleged was a scheme to defraud Ozy’s investors and lenders. Watson was also charged with “aggravated identity theft” for his role in the impersonation of “multiple media company executives” in communications with Ozy’s lenders and prospective investors in furtherance of the fraud schemes, federal prosecutors said.
was indicted on federal fraud charges. The company announced in a tweet that it was shutting down after a determination by its board of directors.“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 company said.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 federal indictment against Watson reveals how the media mogul and his partners forged documents, faked financials and impersonated media executives to enrich themselves while keeping the struggling company afloat.Watson was arrested and indicted by federal authorities last week on charges of securities and wire fraud.
series of tweets Friday evening, Watson stood his ground, defending his work, vowing to fight the charges “with everything I have” and adding, “I’m not saying I haven’t made mistakes – I have. But it’s fair to ask, why I’ve been singled out?”Watson was indicted on Thursday morning on charges of conspiring to commit securities and wire fraud.
Ozy Media founder Carlos Watson was arrested and charged with fraud by federal investigators, according to multiple news reports.
Todd Spangler NY Digital Editor Carlos Watson, CEO of digital media company Ozy Media, was arrested Thursday pending his arraignment on charges of federal securities fraud and wire fraud, Variety has confirmed. In a statement to the Wall Street Journal, which first reported the news, Watson’s attorney, Lanny Breuer, said, “We are really disappointed. We have been acting in good faith and believe we had a constructive dialogue with the government and are shocked by the actions this morning.” In September 2021, the New York Times reported that Ozy Media falsified audience metrics and that its COO, Samir Rao, impersonated a YouTube executive on a call with prospective investor Goldman Sachs. The revelations led to an avalanche of other disclosures including allegations of a toxic workplace culture at the New York-based company.
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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.
Embattled Ozy Media continues to make headlines as founder-CEO Carlo Watson tell the Today show that the company is not in fact shutting down in the wake of a fast unfolding financial scandal last week as it previous announced.
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
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.
Michael Schneider Variety Editor at LargeA day after a New York Times article revealed that Ozy Media chief operating officer Samir Rao impersonated a YouTube executive on a call with potential Goldman Sachs investors, the company has announced that the exec will take a leave of absence.Also as part of the news, Ozy’s board of directors has hired a law firm to review the company’s practices.
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.
Michael Schneider Variety Editor at LargeOzy Media CEO Carlos Watson has informed the National Academy of Television Arts and Sciences that he will no longer host the documentary portion of the 42nd News & Documentary Emmy Awards on Wednesday night.Watson’s decision to step down comes following a New York Times report on Monday questioning the validity of Ozy’s various traffic claims, and revealing that Ozy co-founder Samir Rao had posed as a YouTube executive, touting Ozy’s success, during a
a New York Times exposé on the operations of his company. “Carlos Watson has graciously reached out to us and asked to be removed from his hosting duties tomorrow night so as not to distract the focus from the talented nominees in the documentary categories of the 42nd News & Documentary Emmy Awards,” a representative for the program told TheWrap.
tweeted CNN’s Brian Stelter, including the statement from CEO Carlos Watson that called the column a “hitjob.”Hamilton Nolan, who serves as the Columbia Journalism Review’s public editor for the Washington Post, added, “Journalism is a field where people who are good at writing and reporting get paid $60k to produce news, and ‘Media’ is a field where people who are good at nothing get paid a million dollars to trick rich people into losing money.”He linked to the Times story, which revealed the
New York Times.The site was founded in 2013 by Carlos Watson, its CEO, and Samir Rao, now COO. According to the article by media columnist Ben Smith, who said he previously met Watson when he was the editor of Buzzfeed, Rao impersonated a Google executive on a fund-raising call with Goldman Sachs, supposedly vouching for the success of Ozy’s YouTube channel.
Here’s hoping Lizzo has a thick skin — because celebrity fitness savant Jillian Michaels isn’t backing down from her fat-shaming shade. In the months since publicly criticizing the curvaceous "Cuz I Love You" crooner’s weight, Michaels, 47, is standing by her statements against praising overly plump bodies. But she wishes Lizzo, 33, wasn’t caught in the corpulence crossfire. "I’ve never once actually brought her up, she has been brought up to me," Michaels explained to Carlos Watson of the
Jillian Michaels isn’t backing down from her fat-shaming shade. In the months since publicly criticizing the curvaceous “Cuz I Love You” crooner’s weight, Michaels, 47, is standing by her statements against praising overly plump bodies. But she wishes Lizzo, 33, wasn’t caught in the corpulence crossfire. “I’ve never once actually brought her up, she has been brought up to me,” Michaels explained to Carlos Watson of the ongoing controversy surrounding her critique of Lizzo’s full-figured
H.E.R. has revealed that she was nearly in a band with Kehlani and Zendaya in the early 2010s.During an interview for OZY Fest over the weekend, the singer explained to journalist Carlos Watson how she used to be in a band known as Poplyfe with Kehlani and various other members.
Peter White Television EditorEXCLUSIVE: OZY Media has set a border immigration television movie at Lifetime as part of its Ripped From The Headlines strand.The drama is the first scripted project to emerge from the company’s first-look deal at A+E Networks signed earlier this year.
A+E Networks has entered into a first-look production deal with Ozy Media that includes multiple projects annually across platforms, from live events and podcasts to original series.The announcement was made by Paul Buccieri, president of A+E Networks Group, and Carlos Watson, Ozy Media co-founder and CEO.Ozy Media was founded in 2013 as a digital magazine, with capital from Silicon Valley investors including Emerson Collective as well as German publishing giant Axel Springer.
A+E Networks has set a development and production pact with Ozy Media, the content company headed by journalist Carlos Watson.
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