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Verizon just admitted that the value of its media brand, Oath, is essentially worthless.Verizon announced Tuesday that it would take a .6 billion writedown on its the media unit, which includes Yahoo and AOL.Oath's brand value is now worth just 0 million, according to Verizon. That's a stunning decrease in value since it formed in 2017. Verizon said Oath's brand was worth .8 billion when it last accounted for the company's goodwill valuation.Verizon snapped up a number of legacy media brands in recent years to create Oath. It bought Yahoo for .5 billion in 2017 and AOL, which owns HuffPost, for .4 billion in 2015.With virtually no goodwill brand value, Oath's overall value (assets and goodwill) is now worth half of what it was a few years ago.The telecommunications giant said the integration of Yahoo and AOL didn't meet expectations.Oath "has experienced increased competitive and market pressures throughout 2018 that have resulted in lower than expected revenues and earnings," according to a filing with the SEC Tuesday. Facebook, Google and Amazon are sucking up ad dollars, forcing publishers to search for other streams for revenue.The Verizon media unit's poor performance led the company to make "unfavorable adjustments to Oath's financial projections" for the next five years.Verizon plans to focus more on wireless technology and less on content and distribution.This summer, Verizon replaced CEO Lowell McAdam with Hans Vestberg, the telecom company's former chief technology officer.In September, Oath CEO Tim Armstrong left. He was a driving force behind Verizon's media acquisitions. Armstrong was replaced by K. Guru Gowrappan, Oath's president and former chief operating officer.Verizon announced Monday that 10,400 management employees had accepted voluntary buyout deals, out of 44,000 who were eligible. The buyouts are part of a plan to cut costs and shift investments into wireless and 5G. 1942
Turkish authorities have audio and visual evidence that shows journalist Jamal Khashoggi was killed inside the Saudi consulate in Istanbul just over a week ago, a source familiar with the ongoing investigation told CNN.The source, who was briefed by a Western intelligence agency, says the evidence showed there had been an assault and a struggle inside the consulate. There is also evidence of the moment that Khashoggi was killed, the source said.The foreign intelligence service was shocked by the nature of the evidence, provided in a briefing from Turkish officials, the source told CNN.Khashoggi, a columnist for the Washington Post, walked into the consulate in Istanbul on October 2 intending to get paperwork that would allow him to marry his Turkish fiancée. He hasn't been seen in public since. 813

TUCSON, Ariz. — A nationwide scam claims you'll be arrested because you missed jury duty and you'll have to pay right away to escape it. You might think you can spot a gimmick a mile away, but a Tucson businesswoman fell for it last week.At the start of Denise Hausler's busy workday as a licensed professional counselor, she received a call that went to voicemail. The man identified her by name."Hello, Ms. Hausler, this is Sgt. Adam with the Pima County Sheriff's Department warrant and citation division," the caller said. "Ma'am I'm calling in regards of an ongoing civil matter, ma'am."Hausler called him back right away. The imposter told her there were two federal warrants out for her arrest. Hausler panicked, fearing she would be arrested at her office in front of her clients."And he said, 'We're going to send someone to arrest you unless you volunteer to come down to the sheriff's office off of Benson Highway,' which made sense because the sheriff's office is off of Benson Highway," she said.The caller told her if she drove down to the sheriff's department right away, she can post bond then appear before a judge who will probably give her the money back."I'm panicked, I'm crying, I'm literally thanking this man for helping me not be arrested and being able to go home and not be detained and apologizing," she said.And he told her she can't get off the phone with him or talk to anyone."'We're going to track you by phone until you get to this location because we don't want you to flee,' and I'm believing this," she said.Minutes later, the caller instructed her to first buy My Vanilla cards from Walmart — five of them — totaling ,500 because the payment system was down at the sheriff's department and those specific cards are used for these types of cases.And she believed him. "I know, I know," she said. "In retrospect, I think, who am I? It doesn't even sound real. But when you're in it, he was so intimidating and so direct and telling me, 'We're going to come and detain you.' " She bought the cards. The scammer then told her to read all the card numbers to him to verify they're valid.She did, but at that point she became suspicious and asked a stranger to call the sheriff's department."And the man said, 'You're getting scammed. You need to get in there an undo your cards,' " she said.But it was too late. She could only recover less than a ,000. Hausler wanted to share her story because the scam can be very believable."I just don't want other people to fall for it. If you hear 'My Vanilla,' now I know the sheriff's department does not come to get you if you did miss jury duty. I didn't know that," said Hausler.KGUN called that same phone number left on Hausler's voicemail and it's the same voice saying it's the Pima County Sheriff's Department. These con artists used a spoofed phone number.The Arizona Attorney General says legitimate government offices will not threaten you with imprisonment or demand that you pay a debt immediately. Law enforcement and courts in southern Arizona have also been warning people not to fall for it.The Arizona Superior Court in Pima County has received several recent reports of jury service scams in Pima County. Officials say callers have also instructed people to go to the courthouse after purchasing Green Dot card(s).If a person does fail to appear for jury service, they may be mailed a notice card which would read: 3504
UPDATE SATURDAY, JUNE 26 - 7:50 A.M.ESCONDIDO POLICE WATCH COMMANDER TOLD ABC 10NEWS THE MISSING WOMAN WAS FOUND FRIDAY IN ESCONDIDO AND "WAS OK."---SAN DIEGO (KGTV) -- San Diego County sheriff’s officials are asking for the public’s help in finding a woman who disappeared after a trip to Pala Casino.According to sheriff’s officials, someone contacted deputies at the department’s San Marcos station just after 10:30 a.m. Thursday to report Katelyn Schwindt missing.The person who contacted deputies said the 27-year-old Schwindt posted a message on her Facebook page that indicated she was at Pala Casino on the evening of June 24. In the same message, Schwindt wrote that she was possibly drugged and assaulted.ABC 10News spoke with Schwindt's friend, Krystle Hudnell. When Hudnell saw the Facebook posts, she said there were too many typos for it to be a joke.Some parts of it read:"I DONT KNOW WHAT HAS HAPPE D I HAVE BEEN ASSULTED AND I AM LOST AND SCARED…""PLEASEV IM INNEDD OF HELP BAD IM INJURED I THINK IM BEING KID NAPPED…""As soon as I saw her post, it didn't seem like her, and it just seemed really scary," Hudnell said.Officials said deputies and detectives from the San Marcos station investigated but were unable to find her.Schwindt is white, 5 feet 5 inches tall, and has brown hair and brown eyes. It is unknown what kind of clothing she may be wearing.Friends have a mass search party planned at Pala Casino on Sunday.Anyone with information on Schwindt’s whereabouts is urged to contact the sheriff’s department at 760-510-5200. 1559
Uber says it's in contact with the FBI after it emerged that the suspect in the deadly truck attack in New York City was one of the company's drivers.Sayfullo Habibullaevic Saipov, originally from Uzbekistan, has been living in the U.S. since 2010, law enforcement sources told CNN. Uber said he started driving for the ride-hailing app in New Jersey just over six months ago.The 29-year-old is accused of using a rented pickup truck to mow down cyclists on a busy bike path near the World Trade Center in Manhattan on Tuesday. He was shot and detained by police. 571
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