Ozy Media, the embattled digital media company that had said it would be shutting down in the wake of a scandal, is now reversing course and will continue to operate, according to its chief, who called the prior announcement premature.
Carlos Watson, CEO of Ozy, announced the dramatic pivot in an Oct. 4 interview on CNBC’s Squawk Box, during which he acknowledged scope for improvement and said he hoped the company would emerge revitalized from recent controversy.
