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Ozy Media To Shutter After Allegations Of Fraud And Other Misdeeds

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deadline.com

Embattled digital media company Ozy Media said it will shut down, just days after a New York Times column exposed a range of dubious and even potentially criminal behavior by its executives.Since the column by Ben Smith was published online last Sunday, a drip-drip series of events has ensued, with board chairman Marc Lasry and marquee hire Katty Kay both stepping down.

Current and former employees came out of the woodwork to paint the company as a “Potemkin village,” in the phrase of former staffer Eugene Robinson.“At Ozy, we have been blessed with a remarkable team of dedicated staff,” the company’s board of directors said in a statement to the Times. “Many of them are world-class journalists and experienced professionals to whom we owe

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