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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

TUCSON, Arizona — As teachers vote on a potential walk out their employers are trying to figure out what to do if that happens.Tucson Unified School District Superintendent Gabriel Trujillo said Tuesday a prolonged walk out that affects final exams could jeopardize high school graduation schedules.He says TUSD is trying to find a way to keep schools open and busses running so students who rely on schools for meals can eat. That would include a skeletal bus schedule and at least some staff coming to work. “Schools physically would be open, but instructional services would be closed. There would be no classes running,” Trujillo said.He said the district does not a have substitute pool large enough to fill classrooms in the case of a walk out. 763

UPDATE, 7:23 p.m.SR-163 flooded at Ash Street downtown, trapping drivers and forcing a brief closure of the freeway. Check traffic HERE.UPDATE, 7:02 p.m.A water main broke at Pacific Highway and Laurel Street, creating a small geyser and flooding streets. Drivers are trapped in their cars at this busy area near Lindbergh Field.UPDATE, 6:54 p.m.San Diego Fire-Rescue and water rescue teams are dealing with multiple calls of people stuck in floods in Barrio Logan, National City, and Webster.UPDATE, 6:39 p.m.More than 1,100 customers in Coronado don't have power, SDG&E reports. The utility has made progress restoring power from an earlier outage affecting 1,100 homes and businesses in Escondido.UPDATE, 6:03 p.m.10News Weather Watcher Berl Crist reported flooding at the El Cajon Library.UPDATE, 5:56 p.m.Lindbergh Field is asking travelers to allow for extra time to reach their flights. The airport is reporting multiple delays.UPDATE, 5:40 p.m.San Diego Gas and Electric is reporting at least six power outages in North County and Chula Vista. The largest outage is affecting about 1,100 customers in Escondido, Rancho Bernardo and San Pasqual. The utility company could not immediately confirm the outages were weather related.SAN DIEGO (KGTV) - The storm that reached San Diego County Wednesday strengthened as it moved out Thursday, bringing lightning, thunder and flooding to the region. The National Weather Service tracked a band of heavy activity Thursday afternoon. Residents in Oceanside were the first to report to heavy showers before the storm moved east. Oceanside Police sent an alert to residents which read in part, "Oceanside is being affected by heavy rain and flooding in the city. This will include intersection and several roadways. If the roadway appears unsafe you are being advised to not attempt to drive through that area. If possible, we recommend you do not drive unless absolutely necessary."CHECK 10NEWS PINPOINT WEATHERFlooding was reported in several neighborhoods, including Mission Avenue at El Camino, according to 10News Meteorologist Angelica Campos. Coast Highway and Kelly also flooded, trapping people in their cars.Chula Vista, Carlsbad, El Cajon, Vista, Encinitas and National City were also at risk of floods, the NWS reported. A 10News viewer sent a photo of cars stuck in flood waters near the Souplantation restaurant on Marron Road in Carlsbad. The restaurant closed early due to the situation.In San Marcos, two funnel clouds lowered, but lifted back up into the cloud layer, Campos said. The storm also contributed to increased crashes on San Diego’s roads. 10News spoke with a driver at Isabel Towing who worked 16 hours Wednesday and was prepared for another long day. “When they don't slow down, they hit another car and instead of one car, five cars get into wrecks,” said Amado Rosario.RELATED: Storm wreaks havoc on LA, Orange CountiesHeavy rain on I-805 headed down to #ChulaVista. Careful on the roads! @10News pic.twitter.com/VdGbjUFHRv— Anthony Pura (@10NewsPura) December 7, 2018 3059

UPDATE (6:50 p.m.): Power has been restored to the affected areas in the Mid City area. Original report follows.SAN DIEGO (KGTV) — Thousands were without power late Tuesday as a power transformer exploded in the Normal Heights area.The transformer explosion sparking a small fire in the 330 block of El Cajon Blvd., but flames didn't spread to nearby buildings, according to San Diego Fire-Rescue. Video at the scene showed sparks showering on the ground below.According to SDG&E's outage map, nearly 7,500 customers in the University Heights, North Park, Normal Heights, Kensington, Talmadge, and City Heights areas were without power starting just after 5:30 p.m. SDG&E crews were assessing what caused the outage and estimated the outage to be restored by 8:30 p.m., according to the map. 807

Two New York Police Department detectives took turns raping a handcuffed 18-year-old woman in the back seat of their police van in Coney Island last month, according to the Kings County District Attorney's office.Eddie Martins, 37, and Richard Hall, 33, of the Brooklyn South Narcotics unit, were arraigned Monday on a total of 50 charges, including first-degree rape, first-degree criminal sexual act and second-degree kidnapping, the district attorney's office said.Both detectives pleaded not guilty to all counts, according to the district attorney's office. Martins was released on 0,000 bail and Hall was released on 0,000 bail. Each could face up to 25 years in prison if convicted. They are currently suspended without pay, the NYPD said. 760