Marc Lasry New York county Bucks Milwaukee, county Bucks BBC reports consequences Marc Lasry New York county Bucks Milwaukee, county Bucks

Ozy Media Chairman Marc Lasry Steps Down, Raising Heat On Maligned Digital Startup

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deadline.com

The heat on Ozy Media has been turned up a notch after its chairman, Marc Lasry, decided to step down from the digital company.The billionaire hedge-funder and co-owner of the NBA’s Milwaukee Bucks opted out in the wake of a damaging New York Times report about Ozy.

He had just been named chairman last month, but the climate has shifted dramatically around the company, which has become the most talked-about name in media, and not in a good way.“I believe that going forward Ozy requires experience in areas like crisis management and investigations, where I do not have particular expertise,” Lasry said in a statement shared with multiple media outlets. “For that reason, I have stepped down from the company’s board.

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