Ozy Media shutting down | TheHill

Ozy Media introduced on Friday that it was shutting down amid a scandal surrounding a prime government trying to deceive potential traders.

In a press release obtained by The New York Times, Ozy’s board of administrators mentioned it was with the “heaviest of hearts” that it was saying the closing.

“At Ozy, we’ve got been blessed with a exceptional workforce of devoted employees,” the assertion mentioned, in line with the newspaper. “A lot of them are world-class journalists and skilled professionals to whom we owe great gratitude and who’re great colleagues. It’s due to this fact with the heaviest of hearts that we should announce right this moment that we’re closing Ozy’s doorways.”

The Hill has reached out to Ozy for remark.

Ozy got here beneath intense scrutiny this week after the Instances published an article revealing that the corporate’s chief working officer, Samir Rao, had impersonated a YouTube staffer throughout a convention name with potential traders from Goldman Sachs.

Ozy co-founder Carlos Watson later apologized to Goldman Sachs and mentioned Rao had gone by means of a psychological well being disaster, the Instances reported.

Earlier this week, veteran journalist Katty Kay resigned from Ozy following the Instances report, saying she was “deeply troubled” by the story.

“I used to be trying ahead to working with the gifted younger reporters however I didn’t anticipate this!” Kay mentioned.

On Thursday, billionaire Milwaukee Bucks co-owner Marc Lasry resigned as Ozy’s board chairman, although he mentioned he remained an investor within the firm. | Ozy Media shutting down | TheHill

Huynh Nguyen

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