Verizon created Oath out of its investments in “legacy” digital media companies AOL and Yahoo. The goal was to compete with internet giants Facebook and Google. It seems that the world’s biggest wireless network just wasn’t able to make that work. Click the audio player above to hear the full story.
Verizon has announced some major internal shuffling: It will create three new operating groups, one each for consumers, business customers and media offerings. The restructure reflects a race between internet providers to offer faster speeds.