Verizon slammed by $4.9B charge on Oath restructuring

Verizon’s money-losing media brands, including Yahoo and AOL, tanked profits last quarter as the new CEO shifts focus to growing the company’s high-speed wireless network. Verizon’s Oath unit — which includes Yahoo, AOL and the HuffPost news site — booked a $4.6 billion pretax charge in the quarter ended Dec. 31. The news came as...

from Media | New York Post https://nyp.st/2DHaLCi