Verizon is looking for a buyer of its media assets, Yahoo and AOL, and is in talks with a number of firms, including private equity firm Apollog Global Management, according to The Wall Street Journal. The deal could fetch around $4-$5 billion, according to the article. That’s about half of what Verizon paid for the assets when it bought AOL in 2015 and Yahoo in 2017. Verizon selling its media...
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TV’s Bleak Advertising Picture, By the Numbers
It must be galling to be a TV executive nowadays. Over the past few weeks, they’ve had to watch a parade of tech companies reporting ad revenue up 30%-75% for the quarter. Now it’s the media companies’ turn—and their numbers haven’t been quite as bountiful. Most so far have reported little or no real growth.Take ViacomCBS, which today reported 25% higher ad revenue. That sounds pretty healthy—...
Amazon Delivery Van Drivers Pushed to Drive Recklessly to Meet Quotas
Bill.com to Acquire Fintech Startup Divvy for $2.5 Billion
Ex-Amazon Exec Jeff Blackburn Leaves Bessemer
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