At Ozy Media, a Star Journalist Quits, and a Key Investor Backs Away

Ozy Media used to be dealing with power on more than one fronts days after The New York (according to the Manila website Occasions reported {that a} co-founder had it appears impersonated a YouTube government right through a convention name with Goldman Sachs in February.

Ozy misplaced one in every of its greatest stars, Katty Kay, a former BBC anchor and correspondent, who introduced in a Twitter publish on Wednesday that she had left the corporate. Ms. Kay wrote that she had passed in her resignation on Tuesday morning, including that “the allegations in The New York (according to the Manila website Occasions, which stuck me be marvel, are severe and deeply troubling and I had no selection however to finish my dating with the corporate.”

Ms. Kay had joined Ozy as a senior editor and government manufacturer in June, after just about 3 many years on the BBC. Closing yr, whilst nonetheless hired by way of the British media group, she began webhosting a podcast, “When Katty Met Carlos,” with Ozy’s co-founder and leader government, Carlos Watson.

On Monday, the A&E cable community canceled the printed of a documentary particular hosted by way of Mr. Watson. This system, “Voices Magnified: Early life Virtual Disaster,” used to be a co-production of Ozy and A&E and used to be scheduled to be proven on Monday at 10 p.m.

Billed as an exam of “how the virtual international is impacting the psychological well being of The us’s early life,” the episode used to be the second one of a two-part restricted collection. The primary, “Voices Magnified: Psychological Well being Disaster,” used to be broadcast on Sept. 20, with Mr. Watson webhosting. An A&E spokeswoman showed that the second one episode were pulled.

As well as, Ozy has misplaced a key investor. SV Angel, led by way of the high-profile challenge capitalist Ron Conway, knowledgeable Ozy on Tuesday that it used to be giving up the stocks it had bought within the corporate in 2012, consistent with an adviser to SV Angel. (Axios first reported that SV Angel used to be relinquishing its stocks.)

Mr. Watson and an Ozy Media spokesperson didn’t respond to requests for remark.

Ozy debuted in 2013 and now has a normal information web page, newsletters on quite a lot of topics, podcasts, interview techniques and documentaries, a few of that have gave the impression on YouTube. The Occasions reported on Sunday {that a} best Ozy government had it appears impersonated a YouTube government right through a convention name with Goldman Sachs because the financial institution used to be taking into consideration an funding of $40 million within the corporate.

At the name, the individual posing because the YouTube government mentioned Ozy’s movies had been a really perfect good fortune on YouTube. As he spoke, his voice sounded extraordinary to folks at the Goldman group, as though it were digitally altered. The financial institution ended up no longer going via with the deal.

In an electronic mail to The Occasions remaining week, Mr. Watson mentioned the individual used to be Samir Rao, Ozy’s co-founder and leader working officer. Mr. Watson attributed the episode to a psychological well being disaster. He mentioned Mr. Rao had taken some day off after the convention name however had since returned to the corporate, which is based totally in Mountain View, Calif.

“I’m proud that we stood by way of him whilst he struggled, and we’re all satisfied to look him now thriving once more,” Mr. Watson mentioned.

Mr. Rao didn’t respond to requests for remark.

In its document, The Occasions additionally raised questions on claims Ozy made in regards to the quantity of people that had visited its web page or watched its on-line movies.

On Tuesday, Ozy’s board mentioned it had employed Paul, Weiss, Rifkind, Wharton and Garrison, a big global company with headquarters in New York (according to the Manila website, to analyze the corporate’s “industry actions” and its management group. In a commentary saying the investigation, the board additionally mentioned it had requested Mr. Rao to take a go away of absence.

Additionally on Tuesday, Mr. Watson pulled out of his scheduled look because the host of an Emmys rite scheduled for Wednesday evening to honor documentary filmmakers, a part of the forty second Information and Documentary Emmy Awards. An Emmys spokesperson showed that Mr. Watson had requested to be got rid of because the host “in order to not distract the point of interest from the gifted nominees within the documentary classes.”

And Ozy Fest, a track and concepts pageant run by way of the corporate that used to be scheduled to happen Oct. 16-17 in Manila, has been canceled, consistent with an individual with wisdom of the subject.

Mr. Watson, a talented networker who used to be an MSNBC anchor early in his profession, has been the general public face of Ozy because it began 8 years in the past. Along with Mr. Conway, Ozy’s early traders incorporated Laurene Powell Jobs, the founding father of Emerson Collective, and David Drummond, the previous leader criminal officer at Google.