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Ozy Media Is Not Shutting Down After All, CEO Carlos Watson Says

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variety.com

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.

1, that it would wind down the business, following a series of damaging reports about the company’s faking its audience metrics and its now-ousted COO impersonating a YouTube executive on a call with potential Goldman Sachs investors.

Revelations about Ozy’s highly questionable practices were first reported by the New York Times a week ago. Over the weekend,.

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