No two market cycles are ever fully alike, but echoes of the past often lurk in the headlines. Verizon announced Tuesday it will take a $4.6 billion impairment charge in the fourth quarter, due to a decline in the value of its Oath media unit. One reason, according to Verizon’s securities filing: “lower than expected benefits from the integration of the Yahoo Inc. and AOL Inc. businesses.” Verizon bought AOL back in 2015.

Source: Wall Street Journal December 11, 2018 17:48 UTC