Ozy Media to cease operations amid tumult

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Check out what's clicking on FoxBusiness.com. Ozy Media said it would cease operations, less than a week after a New York Times article raising questions about the company’s business practices led to high-profile departures and a pullback from some major advertisers. "At Ozy, we have been blessed with a remarkable team of dedicated staff. Many of them are world-class journalists and experienced professionals to whom we owe tremendous gratitude and who are wonderful colleagues. It is therefore with the heaviest of hearts that we must announce today that we are closing Ozy’s doors," the board said in a statement Friday.The company had been through a whirlwind after the New York Times reported Sunday that Ozy Chief Operating Officer Samir Rao had impersonated an executive from Alphabet Inc.’s GOOG 2.40% YouTube on a February fundraising call with Goldman Sachs Group Inc. Ozy Chief Executive Carlos Watson in a statement Sunday said Rao’s behavior on the call ste
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