The board of Ozy Media, the media and entertainment company accused of deceiving investors and advertisers, has had a change of heart and will not be shutting its doors, CEO Carlos Watson said Monday.

Ozy Media's chief executive, Carlos Watson, said Monday he would not shut down his company, which is a total 180 from a few days ago, when Ozy said it would close its doors because of a fraud scandal.

Embattled Ozy Media founder-CEO Carlo Watson says the company is not shutting down in the wake of a fast unfolding financial scandal.

NEW YORK, NY - JULY 21: Carlos Watson speaks onstage during OZY FEST 2018 at Rumsey Playfield, ... More Central Park on July 21, 2018 in New York City. (Photo by Matthew Eisman/Getty Images for ...

Embattled Ozy Media continues to make headlines as founder-CEO Carlo Watson told the Today show the company is not in fact shutting down as it had previously announced in the wake of a fast ...

After a series of damning revelations about how Ozy Media has conducted business, including reports of shady outside dealings and a toxic internal work environment, the digital startup announced ...

Ozy Media announced on Friday that it will cease operations. The decision comes five days after the The New York Times published a bombshell report about its business practices, which kicked off ...

The board of Ozy Media, the media and entertainment company accused of deceiving investors and advertisers, has had a change of heart and will not be shutting its doors, CEO Carlos Watson said Monday.

Ozy Media announced on Friday that it will cease operations. The decision comes five days after the The New York Times published a bombshell report about its business practices, which kicked off ...

The chief executive of Ozy Media on Monday called the company's announcement last week that it was shutting down "premature." The CEO, Carlos Watson, said the company would continue to operate ...

The board of Ozy Media, the media and entertainment company accused of deceiving investors and advertisers, has had a change of heart and will not be shutting its doors, CEO Carlos Watson said Monday.

The board of Ozy Media, the media and entertainment company accused of deceiving investors and advertisers, has had a change of heart and will not be shutting its doors, CEO Carlos Watson said Monday.