Verizon resurrects media business as safe haven on the internet [Reuters]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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Source: Reuters
Verizon resurrects media business as safe haven on the internet - Reuters 6 Min Read New York (Reuters) - Banning pornography from Tumblr was not necessarily meant to define Verizon Media’s strategy to turn around a collection of Internet has-beens. But that is how it has played out. After Verizon Communications Inc, which owns media brands like Yahoo, AOL and social media site Tumblr, declared its media properties nearly worthless last year with a $4.6 billion write-down, the division of the U.S. telecoms giant is resurrecting the businesses as an antidote to the cesspool of the internet. (Graphic: tmsnrt.rs/2k5t3WS ) “I want to build something that you’ll 100% trust,” Verizon Media Chief Executive Guru Gowrappan said in an interview last month. Still, analysts say Verizon Media will be competing with larger rivals who have deeper pockets and have made bigger investments in the areas it is turning its focus to. The restructuring comes as regulators are gearing up to investigate wheth
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- Column: After a years-long pause, the FCC resurrects ‘network neutrality,' a boon for consumers [Los Angeles Times (CA)]Los Angeles Times
- Verizon Communications Inc. (NYSE: VZ) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
VZ
Earnings
- 4/22/24 - Beat
VZ
Sec Filings
- 4/25/24 - Form 10-Q
- 4/22/24 - Form 8-K
- 4/16/24 - Form PX14A6G
- VZ's page on the SEC website