US telecom firm’s Oath, which includes Huffington Post and AOL, is now worth $200m
The collective value of digital media brands including Huffington Post, Yahoo and AOL, which once had a stock market capitalisation of more than $200bn (£158bn), has been slashed to only $200m by their parent Verizon.
The US telecoms company has taken a $4.6bn charge on the goodwill value of Oath, the digital media subsidiary that houses properties including HuffPo, Yahoo and AOL, leaving it worth about $200m on paper.
Continue reading...from US news | The Guardian https://ift.tt/2rxJ205
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