Marc Lasry Michael Schneider BBC Department Exodus Marc Lasry Michael Schneider

Ozy Media to Shut Down, Following Revelations of Questionable Business Practices

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Michael Schneider Variety Editor at LargeOzy Media is shutting down. Per a statement from the company’s board of directors: “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 doors.”The news comes a day after billionaire businessman Marc Lasry, who had just been named chairman of Ozy Media earlier this month, cut ties with the crumbling organization.“I believe that going forward, Ozy requires experience in areas like crisis management and investigations, where I do not have.

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