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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
Two new fissures opened on Hawaii's Big Island, spewing lava and fueling fears of violent explosions more than a week after the Kilauea volcano erupted.Nearly 2,000 people have been evacuated since the Kilauea volcano erupted May 3, sending lava flowing into communities and threatening a nearby geothermal plant.The 17th fissure, a crack on the ground through which lava pours out, was reported Saturday night, the US Geological Survey's Hawaiian Volcano Observatory said."Lava from this latest outbreak is actively spattering," it said.The volcanic vents, or fissures, have released slow-moving lava and toxic gas into island communities, gobbling up dozens of homes and vehicles.Another fissure, the 16th one, was reported earlier Saturday and "produced a lava flow that traveled about 250 yards before stalling," officials said.That vent was about a mile east of the Puna Geothermal Venture plant, where officials removed 60,000 gallons of flammable liquids due to safety concerns.In addition to the new fissures, USGS officials said an explosive eruption is possible at Halemaumau crater at the top of the Kilauea volcano. Such an eruption could generate ash plumes over an area 12 miles from the summit crater, the HOV said. 1238

Unexpected fees, lack of personal space, screaming babies, scant entertainment. For most passengers today, flying is hardly a luxury experience. Seasoned travelers know the tricks for dealing with air-travel irritants, but if you’re a less-frequent flyer, here are seven of the most common headaches and how you can head them off before you get in the air. 399
UPDATE: San Diego Police reported Monday morning that Rafol was safe and with his family.ALLIED GARDENS (CNS) - San Diego police were today asking the public for help locating a man known to have a mental condition who was reported missing.Benjamin Rafol, 26, was last seen at about 10:45 p.m. Saturday when he left on foot from the Verge apartment complex at 6850 Mission Gorge Road, according to the San Diego Police Department.Rafol has mental issues including schizophrenia and psychosis, said SDPD Lt. Dan Sullivan.Rafol is not from the area and does not have a cell phone or a car.He is described as a Filipino male, 5 feet-8 inches tall and 160 pounds. He was last seen wearing a dark gray Volcom t-shirt, light gray pants, black Nike shoes and a black Hurley baseball hat. 793
TWENTYNINE PALMS, Calif. (KGTV) – After a Southern California Navy corpsman suddenly died this summer, his family has been trying to get answers for almost two months. This week, 10News has learned that 30-year-old HM3 Michael Vincent De Leon may have been killed by someone else.10News began looking into the case last week after his father, Jose De Leon, contacted 10News for help. 10News interviewed De Leon over Skype because he and the rest of the family live in Texas. De Leon says his son was stationed at the Twentynine Palms Marine Corps base in San Bernardino County. It was almost two months ago when De Leon says that he was visited by military officers who informed him that his son had died and an investigation was underway.“I gathered my emotions and asked them ‘why?’ or ‘what happened?’ but they couldn't give me anything,” De Leon tells 10News.Since then, the family says they've largely been kept in the dark, but this week 10News learned from a source with close military ties that the Naval Criminal Investigative Service (NCIS) has confirmed that Michael's death is now being investigated as a homicide. It’s a very different story than what De Leon says he was lead to believe in the hours just after learning of his son’s death when he says the word "suicide" came up from service members on-base.De Leon didn't believe it, claiming there was no history of depression or substance abuse. He says his son was happy and excited about an upcoming deployment.“He was an extrovert. He could walk into a room and make friends,” he told 10News with tears in his eyes.De Leon is a former television news photojournalist. Using his skills, he started his own investigation. This is what he says he learned just 48 hours later from a service member who is close to the case. De Leon tells 10News, “I begged him, ‘Just tell me, did Michael pull the trigger or did someone else?’ There was a long pause and he [replies], ‘Mr. De Leon, someone else pulled the trigger.’"De Leon says that other service members who knew his son said that his son was shot on-base at another corpsman's going-away party in the military housing area. A full week passed, but De Leon says there was still no word from the base about what happened.“It’s a bunch of bureaucrats that are not vested at all in the family,” he adds.He says after formally complaining he finally got a call from an agent with NCIS, which is handling the investigation. De Leon says the agent would only confirm that there was a shooting on-base at a housing unit with corpsmen present and a firearm was produced. It’s now seven weeks later and 10News has verified with our source that agents are officially treating this investigation not as a suicide, but as a homicide. It remains unknown as to whether it was accidental or intentional.10News directly asked NCIS and the base for comment. On Thursday afternoon, a spokesperson for the base sent 10News the following statement:"I spoke with a representative from the Provost Marshall's Office and he has confirmed that the incident is currently still under investigation so the information you inquire is unable to be released at this time. However, I was able to confirm that the base policy for securing firearms for those who live on/work at/visit the military housing area is that all firearms need to be in a secured location in the home and must be in a secure location in order to get a weapon onto base and when being transported to and from the home. Weapons must be registered on the installation. As far as Marines living in the barracks, their firearms need to be stored in a unit armory. It is actually an inspectable item and part of the unit armory policy. I apologize I do not have more information for you at this time. Please reach out if you have any other questions or concerns." 3826
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