Carlos Watson, The CEO of OG Media, said on Monday morning (October-October) that he was withdrawing his decision to close his company after talking to various investors, advertisers, readers and many more.
“We’re going to open for business, so we’re making news today,” Watson told NBC. Today. “This is our Lazarus moment, if you will.”
The decision is the latest dramatic turn for OG Media, which has been embroiled in scandal since a bombing. New York Times Expos reported that the company’s chief operating officer, Sameer Rao, Goldman Sachs disguised himself as a YouTube executive by making a call while seeking a ০ 1 million investment. It is alleged that the company also increased the audience metrics.
Talking with CNBC On Monday, Watson said the decision to shut down Ozzy’s activities last week was hasty.
“We were premature,” Watson said, adding that the company had “good conversations” with investors and advertisers over the weekend. “We have a lot to do to improve, but I really feel like we have a meaningful, transformed voice,” he added.
Related: 50 percent of the show ‘Life for Life’ has been shut down due to Kovid-1To
Watson did not disclose who is currently financing the company but added during his interview with Today that he and GSV Ventures were co-founders on the OG board. Michael Mo.. He added that change is coming for the organization.
“The last few days have given a lot of people the opportunity to take cheap shots, and that doesn’t mean there’s nothing we can do better,” he said. “We need to do better in our data, we need to do better in marketing and I think there are some things we can do better in leadership and culture.”
In addition, Watson responded to some news coverage last week surrounding the scandal.
“When you see people start putting my name on the Lady [Theranos founder] Elizabeth Holmes, whose real product was never, who raised billions of dollars? Watson said. “We have five newsletters that have reached millions of people, winning an Emmy with a dozen TV shows. This is not a house of cards. ”
Addressing the call with Goldman Sachs, Watson acknowledged how problematic it was: “It’s a tragic situation, it’s horrible, there’s nothing good about it. I’m grateful that Goldman didn’t invest, because it would have been the worst.”
Watson resigned from the NPR’s board of directors last week after news broke around Ozzy. Mark Lasri, who was chairman of the Ozzy board, also resigned.