Verizon to take USD 4.6 bln impairment charge to write off Oath goodwill

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(Telecompaper) Verizon announced that it will write off most of the remaining goodwill at its online advertising business Oath in the fourth quarter, in an impairment charge totaling USD 4.6 billion. The US operator said the latest five-year projection for the business found the company is unlikely to grow as expected, nor has it benefited as much as hoped from the merger of AOL and Yahoo. 
Source: Industry News (syndicated from Telecompaper.com)

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