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Private equity firm acquires Verizon’s Yahoo, AOL for $5B
Private equity firm Apollo Global Management has acquired Verizon’s media group for $5 billion, the two companies announced Monday.
Verizon takes billions in charges for Oath, buyouts
Verizon Communications is taking a $4.6 billion goodwill impairment charge related to its failed media division Oath. Oath, which is the result of a merger between Yahoo and AOL under...
Janet Jackson's family is still mad at Justin Timberlake
When Justin Timberlake takes the stage at Super Bowl LII for the halftime show Sunday at US Bank Stadium in Minneapolis, there is at least one famous name who thinks...
AOL is finally killing off AIM
Before text messages from smartphones, before Twitter and before Facebook, there was AOL’s instant messaging service. The once-mighty internet service provider’s AIM service, as it was known, was the way...
Tim Armstrong is looking to expand Oath into China
Tim Armstrong, CEO of Oath — the company that emerged from the combination of AOL and Yahoo and now has more than 1 billion users — is eyeing entry into...
Verizon to slash 2,100 jobs at Yahoo and AOL
The job cuts at Yahoo and AOL will be deeper than expected. Verizon is now expected to chop 2,100 jobs across the two companies next Tuesday when the $4.5 billion...
AOL, Yahoo could lose 1,000 jobs after Verizon buyout
The Verizon buyouts of AOL and Yahoo could result in the loss of 1,000 jobs across the companies, according to a report. That would come to something less than 20...
Martha Nelson to exit as Yahoo's top editor amid merger
Martha Nelson, the global editor-in-chief of Yahoo, won’t be making the jump when the $4.48 billon deal to sell the struggling Web portal to Verizon closes next month, sources tell...
AOL loses four key execs amid turmoil
Four senior members of Tim Armstrong’s AOL executive team have exited the company in the last month, The Post has learned. The loss of the four longtime Armstrong lieutenants is...
AOL to lay off 500 employees
Tim Armstrong is getting ready to swing the ax at AOL. The chief executive at the Web portal is expected to announce on Thursday that up to 5 percent of...
Here's what the 'You've Got Mail' guy is up to now
You’ve got mail - and a ride home! Ohio retiree and Uber driver Elwood Edwards shocked a rider this weekend, revealing he’s the voice of AOL’s message, “You’ve got mail.”...
Marissa Mayer's days at Yahoo appear to be numbered
With one piece of Yahoo sold and talks underway to sell a more valuable second asset, Chief Executive Marissa Mayer’s days appear numbered as her company disappears. Despite Yahoo’s recent...
AOL sales chief leaves for Condé Nast
Jim Norton has exited his post as global head of media sales at Verizon’s AOL unit to move over to magazine publisher Condé Nast. Norton, who will report to Chief...
AOL, Twitter have an answer to Facebook's inflated metrics
Facebook’s admission late last week that it had overstated by up to 80 percent the amount of time consumers spent viewing its video over the past two years is triggering...
HuffPo's only major profit came during year it was bought: report
The Huffington Post, a money-loser for most of its 12 years, continues to ooze red ink for new owner Verizon, according to a new report. William Cohan, in a story...
Tech guru's ex-wife is pressuring courts to get settlement: suit
A tech guru claims his ex is abusing the courts to force him into a divorce settlement. Otto Toth, chief innovation officer at AOL, says his former wife, Beatrix Toth,...
Madison Avenue favors Verizon in $4B race to buy Yahoo
With the auction for Yahoo entering the final stretch, Madison Avenue is pulling for Verizon to capture the internet portal, The Post has learned. Under Verizon, a combined AOL-Yahoo would...
AOL admits 90-day pay period notices were an error
Freelance journalists who work for AOL and its Huffington Post unit can rest a little easier. Notices alerting the writers that they would have to wait three times as long...
Freelancers aren't happy about AOL's 90-day payment period
AOL told its vendors and suppliers — including, apparently, editorial freelancers contributing to its Huffington Post — that it is going to stretch out payments to 90 days. Verizon completed...
My realtor's email was hacked and I'm out $2M: exec's suit
A former Lehman Brothers executive unwittingly wired a $2 million deposit for a $20 million Manhattan apartment to cyber criminals — and now he’s blaming his real estate attorney and...