Business

Ozy Media Board Announces Survey of Business Practices

Carlos Watson, Ozy Media CEO of New York City at the 2018 event.


Photo:

Matthew Iceman / Getty Images for Ozy Media

The board of directors of online news magazine Ozy Media said it was investigating the company’s business practices after the New York Times questioned the company.

In a statement, Ozzy’s board of directors, including Milwaukee Bucks co-owner Marc Lasry, said to law firms Paul, Weiss, Rifkind, Wharton, and Garrison to “perform a review of the company’s business activities.” He said he hired an LLP.

on Sunday, The New York Times reported Ozy Chief Operating Officer Samir Rao

alphabet Of a corporation

Fundraising with YouTube

Goldman Sachs Group Ltd

Carlos Watson, CEO of Ozy, said: On twitter On Sunday, Mr. Lao’s phone action was “extremely unhappy” and his action was due to mental health problems.

The board said it requested Mr. Lao to take leave while waiting for the investigation. The board said Hearst Television’s former executive president and chief financial officer, Harry Hawks, agreed to serve as interim CFO during the review.

Write to Benjamin Marine Benjamin.Mullin@wsj.com

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It was published in print on September 29, 2021 as “Ozy Media Directors Investigate Practices”.



Ozy Media Board Announces Survey of Business Practices

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