Ozy, the media site backed by Laurene Powell Jobs, gets new backing

On Monday, Ozy Media, the online news site backed by Laurene Powell Jobs, announced that Axel Springer, the German media conglomerate, had made an investment of an unknown amount.

Six months ago, we wrote about the launch of Ozy, the Mountain View based media startup with the backing of Jobs, as well as Google’s top legal adviser, David Drummond, the law partner Larry Sonsini and the angel investor, Ron Conway.

Since, its writers and editors have been on National Public Radio and other media outlets talking about the site’s stories that often have an upbeat, can-do spin. After all, the site says it is “the go-to daily news and culture site for the Change Generation.” Ozy produces a current events round up called  “Presidential Daily Brief,” presumably what you need to know if you were president.

Carlos Watson, a former MSNBC anchor, as the company’s president and chief executive, occasionally appears in videotaped discussions with Jobs on a range of topics, including how President Obama is performing.

With the new investment, Watson told the New York Times that “we are confident we can grow into a really profitable business…But all that is incumbent upon building and delivering a product that people love.”


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