By Tali Arbel, AP Technology Writer
Ozy is shutting down less than a week after a New York Times column raised questions about the media organization's claims of millions of viewers and readers, while also pointing out a potential case of securities fraud.
The story triggered canceled shows, an internal investigation, investor concern and high-level departures at the company.
An emailed statement Friday from Ozy Media's board called it a company with many "world-class journalists and experienced professionals to whom we owe tremendous gratitude." It said it was "with the heaviest of hearts that we must announce today that we are closing Ozy's doors."
The board's statement did not give the reason for shutting down the company based in Mountain View, California. Ozy did not respond to questions about why it was shutting down now or how many employees it had.
Ozy's CEO, former cable-news commentator and host Carlos Watson, started Ozy in 2013. It published stories on its website, made podcasts, newsletters and shows and hosted the OzyFest festival. Its website remained up on Friday afternoon.
The Times story said Ozy's chief operating officer and co-founder, Samir Rao, impersonated a YouTube executive on a call with Goldman Sachs while attempting to raise money from the investment bank. It also addressed long-held industry questions of whether Ozy was inflating its audience size.
In a tweet, Watson claimed 25 million newsletter subscribers — the New York Times, with a much bigger brand presence, says it has 15 million newsletter readers — and more than 30 million views on YouTube. The Times said fewer than 500,000 people went to Ozy's website in June and July, according to Comscore data.
On Thursday, Marc Lasry, the hedge-fund billionaire and Milwaukee Bucks co-owner who had been named Ozy's chairman in September, resigned, citing Ozy's need for someone experienced in crisis management and investigations. He remained an investor.
A high-profile employee, former BBC anchor Katty Kay, resigned earlier in the week, and an early investor, a venture capital firm, gave up its Ozy shares. The board had reportedly hired a law firm to review Ozy's business activities.
Cable network A&E pulled a special on mental health hosted by Watson that was scheduled for Monday night, and Watson stepped down from hosting a documentary Emmys awards show Wednesday night.
The website Crunchbase, which tracks corporate fund-raising, said Ozy had raised more than $70 million from investors as of late 2019.
ABC will air 6 additional “Monday Night Football” games starting this week with Bills-Jets
ABC will simulcast six more ESPN "Monday Night Football" games, including Monday's AFC East matchup between the Buffalo Bills and the New York Jets.
The addition of the six games means ABC will air 17 this season — 14 simulcasts with ESPN (including two playoff games) and three games exclusively on ABC.
The decision to simulcast more games was a joint decision between the NFL and Walt Disney Company, which owns ABC and ESPN.
The other added games are Baltimore at Tampa Bay (Oct. 21), Tampa Bay at Kansas City (Nov. 4), Houston at Dallas (Nov. 18), Baltimore at Los Angeles Chargers (Nov. 25) and New Orleans at Green Bay (Dec. 23).
The only two Mondays the rest of the regular season where ABC will not have a game are Nov. 11 and Dec. 2.
ABC had games all 18 weeks last season due to an agreement with the NFL since there was no new original fall programming due to the Hollywood writers and actors strikes. With more games on network television, "Monday Night Football" averaged 17.36 million viewers across ESPN, ESPN2 and ABC, a 29% increase over 2022.
It was the best audience numbers for the league's seminal prime-time package since 2000. The Super Bowl 57 rematch between Philadelphia and Kansas City averaged 29.03 million.
Coming into the season, ABC had eight scheduled simulcasts, including two Saturday Week 18 games and two playoff games, and three exclusive MNF games when there were doubleheaders.
It also continues Disney's move toward putting more sports programming back on ABC. Super Bowl 61 from Los Angeles in 2027 will be on the network and the College Football Playoff championship game will also move to ABC the same year.
More games on ABC will also boost the ratings. Kansas City's 26-13 victory... Read More