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Photos: Felix Mallaby-Kay and Gabriella Hasbun 

Longtime BBC News anchor and correspondent Katty Kay is leaving her post to become senior editor and executive producer, of OZY Media, the digital-first media and entertainment company founded in 2013 by CEO Carlos Watson.

Why it matters: Kay will bring decades of global editorial experience to OZY, which produces dozens of TV shows, podcasts and documentaries across an array of genres.

  • "OZY has always been global, since the very beginning," Watson says. "I hope that focus only deepens upon Katty's arrival."

Details: Kay and Watson launched a podcast together in September called "When Katty met Carlos," which inspired the duo to make their partnership more permanent.

  • "I've never found a reason to leave the BBC," Kay said in an interview with Axios. "It took a really special place to get me to leave a special place."
  • Kay, who's spent the majority of her career working for a broadcast network, says she looks forward to learning more about streaming at OZY.
  • "It's not an industry I know very much about I'm going to learn a lot which is really important to me."

Between the lines: Amid her streaming foray, Kay will get to explore new shows — ones that are very different from traditional broadcast formats.

  • Watson notes that he and Kay are exploring a collaborative show on Gen-Z.
  • Kay says she looks forward to telling stories through new genres, like cooking and travel. She also says she looks forward to expanding on other formats, like documentaries, podcasts and events.
  • The duo clearly has a very strong rapport. When Kay noted she was nervous, Watson was quick to note in a lighthearted response, "Talented people, when they're nervous, get even more creative."

The big picture: Kay's hiring comes as OZY's business has begun to hit its stride.

  • The company brought in $50 million in revenue last year, helping it hit profitability for the first time in its 7-year history. Its annual OZY Fest global event had 1 million participants across dozens of countries.
  • OZY plans to produce four new shows in coming months, including a program on migrant family separation movie called "Torn" for Lifetime.
  • Kay, who starts officially on June 28, will begin filming new shows this fall.

The bottom line: "I think we're in a moment of great change and flux, and it's been accelerated by changes due to COVID," Kay says. "But it's opened us up to what is possible. It's a moment to spread our wings."

  • "Mostly, I think we're going to have fun," she says.

Go deeper

FAA clears more planes after 5G fears

Photo: David McNew/Getty Images

The Federal Aviation Administration said Thursday it had approved nearly 80% of the U.S. commercial fleet to perform low-visibility landings at airports with new 5G services after fears of signal interference limited 5G rollout.

Why it matters: The FAA approvals will help provide more certainty after the agency raised fears that 5G signals could reduce the accuracy of certain equipment, known as radio altimeters, that helps planes land and take off in inclement weather.

Dan Primack, author of Pro Rata
3 hours ago - Economy & Business

Peloton stock tanks on report of production halt

Illustration: Aïda Amer/Axios

Peloton stock fell by as much as 25% on Thursday, following a CNBC report that the connected fitness company will temporarily halt production on its bikes and treadmills.

Why it matters: Peloton is viewed by many as a proxy for consumer behavior in the pandemic era, as its popularity surged when gyms closed and people wanted to exercise at home.

Updated 3 hours ago - Politics & Policy

Omicron dashboard

Illustration: Brendan Lynch/Axios

  1. Health: Omicron pushes COVID deaths toward 2,000 per day — The pandemic-proof health care giant.
  2. Vaccines: No evidence that healthy children, teens need boosters, WHO says — Starbucks drops worker vaccine or test requirement after SCOTUS ruling — Kids' COVID vaccination rates are particularly low in rural America.
  3. Politics: Biden concedes U.S. should have done more testing — Arizona says it "will not be intimidated" by Biden on anti-mask school policies.
  4. World: American Airlines flight to London forced to turn around over mask dispute — WHO: COVID health emergency could end this year — Greece imposes vaccine mandate for people 60 and older.
  5. Variant tracker