Ozy Media is ‘going to open for business,’ its chief executive says.

Ozy Media, the embattled firm that introduced final week that it will shut down after The New York Instances reported that it had misled potential traders and companions, will attempt to maintain working, Carlos Watson, its chief executive and a co-founder, mentioned Monday.

In an interview Monday morning on NBC’s “Right now” present, Mr. Watson in contrast his firm to Lazarus, the biblical determine Jesus raised from the useless, and to Tylenol, the drug model that regained shoppers’ belief after seven folks died in 1982 after being poisoned by capsules that had been laced with cyanide.

“We’re going to open for enterprise, so we’re making information at present,” Mr. Watson informed the anchor, Craig Melvin. “This is our Lazarus second, if you’ll, this is our Tylenol second. Final week was traumatic, it was tough, heartbreaking in some ways.”

Mr. Watson additionally conceded in an interview on CNBC on Monday that the corporate had misled its personal workers and company about the place a program produced by Ozy, “The Carlos Watson Present,” would air, claiming it will seem on the cable channel A&E.

“That was fallacious,” he mentioned. “I don’t know if that was a mistake or that was intentional.”

The present is obtainable on YouTube and the Ozy web site, which stays on-line, though journalists who labored there mentioned they had been now not employed by the corporate.

In a press release on Friday, the corporate’s board praised the “devoted workers,” including, “It is subsequently with the heaviest of hearts that we should announce at present that we’re closing Ozy’s doorways.”

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