Carlos Watson Says Ozy Media Won't Shut Down After All: "We Are Open For Business" - NewsBreak

Ozy Media isn't shutting down after all. Just a few days after saying that it would wind down its operations, CEO Carlos Watson went on NBC's Today show Monday morning and said that he and the company's board had a change of heart. "We are going to open for business, so we are making news today," Watson told NBC's Craig Melvin. "This is our Lazarus moment, if you will [a reference to the biblical figure who Jesus brought back to life a few days after his death]." Watson said that they made the decision after speaking with Ozy advertisers, and the company's investors. "Last week was traumatic, it was difficult, heartbreaking in many ways. And at the end of the week we did suspend operations with a plan to wind down," Watson said. "But as we spent time over the weekend, and we talked to advertising partners, some of our readers, some of our viewers, some of our listeners, some of our investors, I think Ozy is part of this moment." More to come.