Several major advertisers of Ozy Media are putting their ad campaigns on hold in the wake of a New York Times article that raised questions about the company’s business practices
The tumult at Ozy is also affecting its programming. Katty Kay, a high-profile Ozy recruit who was a correspondent and anchor for the BBC, said on Twitter Wednesday that she had resigned from Ozy this week.
“I believe that going forward Ozy requires experience in areas like crisis management and investigations, where I do not have particular expertise,” Mr. Lasry said in the statement. “I remain an investor in the company and wish it the best going forward.”On Wednesday, Ozy’s board of directors saidPaul, Weiss, Rifkind, Wharton and Garrison LLP to “conduct a review of the company’s business activities” and that Mr. Rao was asked to take a leave of absence.
. Axel Springer, another Ozy investor, has said it supported the board’s investigation into the company’s business practices.Brad Barket/Getty Images Mr. Watson said in his statement Sunday that the New York Times’ reporting on Ozy’s audience was “deeply flawed.”
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