Ozy Media: Last News

Todd Spangler NY Digital Editor Lawyers for Ozy Media, the defunct media and entertainment company founded by Carlos Watson, allege in a new lawsuit that Ben Smith, BuzzFeed and Semafor (the media startup co-founded by Smith in 2022) misappropriated Ozy’s trade secrets “for their own benefit.” The suit additionally alleges that BuzzFeed breached a nondisclosure agreement it entered into with Ozy in 2019 as part of its efforts to buy the company. Lawyers representing Ozy Media allege that Smith, former BuzzFeed News editor-in-chief and New York Times media columnist who is currently editor-in-chief of Semafor, wrote “a series of hit pieces” about Ozy Media but that he did not disclose “his central role in BuzzFeed’s efforts to buy Ozy two years earlier” while he was at BuzzFeed.

In the first of what may well become a string of lawsuits against embattled Ozy Media, a fund manager that invested in the site accused it of fraud and asked for compensatory and punitive damages in a jury trial.

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.