>The strategy reflected a mindset that was once widely shared among the world’s biggest telecoms companies, which sought to benefit from an explosion in digital

>The strategy reflected a mindset that was once widely shared among the world’s biggest telecoms companies, which sought to benefit from an explosion in digital media consumption by becoming owners of content rather than mere network operators, or “dumb pipes”. "Apollo buys Verizon media assets including Yahoo for $5bn" https://on.ft.com/3uk5DMk https://on.ft.com/3uk5DMk Paywalled, but link should be good for 3 visitors. I can post another if anyone is desperate to read.