Yahoo parent Verizon cuts value of media brands by $4.6bn
December 12, 2018 / Mark Sweney
The collective value of digital media brands including Huffington Post, Yahoo, and AOL, which once had a stock market capitalization 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. In a filing with the Securities and Exchange Commission, the US stock market regulator, Verizon said it was writing down the value of Oath after a strategic review that resulted in the downgrading of financial projections for the business.