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Verizon Takes $186 Million Charge on Media Business

By Jessica Toonkel
· · Source: The Information

Verizon disclosed that it took a $186 million write-down on its media business, which is made up of the former Yahoo and AOL businesses, as it continues to struggle to turn the division around. This marks the second impairment charge the company has taken on the business, following a $4.6 billion writedown in 2018. Revenue for the unit was flat year over year at $2.1 billion, which the company...

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