A week after a blistering New York Times report raised questions about whether Ozy, a digital media company aimed at millennials and founded in 2013, was being honest about how many people it reached through its various products, the company announced that it is ceasing operations.
The announcement came on Friday, just five days after the Times report was published and after Ozy CEO Carlos Watson released a lengthy statement insisting the Times report was wildly inaccurate and misleading. He called it a “ridiculous hitjob.” The statement from Ozy’s board was posted online by Times columnist Ben Smith, who wrote the original article calling into question the company’s business practices.
“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. It is therefore with the heaviest of hearts that we must announce today that we are closing Ozy’s