3 ms·
Verizon says its media brand including Yahoo and AOL is essentially worthless
- greatquux 8y agoIt was worthless when they bought it!
- hnuser355 8y agoWho could have seen that coming
- temporallobe 8y agoIn other news: The Pope is Catholic Water is Wet Bears Shit in the Woods
- robbyt 8y agoWhy did they buy it?
- syntheticnature 8y agoIn short, investors expected and wanted a media play. There's some discussion here about how comparatively, Verizon only dipped their toe in, to their benefit now: https://www.cnbc.com/2018/12/11/verizon-made-the-right-decision-not-to-be-big-on-media.html https://www.cnbc.com/2018/12/11/verizon-made-the-right-decis...
- cweiss 8y ago/me gets tinfoil hat 1. Verizon buys some content producers that flop - Content will not be a profit center for Verizon. 2. Other media companies buy content producers that don't flop (as much). 3. Verizon's General Council (Ajit Pai) becomes head of FCC. 4. FCC pushes to roll back regulations allowing communication providers to charge premiums for content access. Is it really as bad as it looks?
- Yaa101 8y agoObvious... Can we say death by a thousant sales?