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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

UPDATE (9:39 p.m.): Jacob has been safely located, according to San Diego Police.SAN DIEGO (KGTV) — San Diego Police are searching for a missing teenager last seen in the Park West area near Balboa Park.Police say "Jacob" is 15 and diagnosed with autism. He is known to like the Balboa Park area where SDPD officers were searching late Thursday.Jacob is described as a white male, 5'11", weighing 160 pounds, and as having long brown hair. He was last seen wearing a tie-dye Led Zepplin shirt with blue jeans.Anyone with information is asked to call SDPD at 619-531-2000 or 858-484-3154. 595

Vice President Mike Pence visited Wisconsin on Tuesday to make a campaign push ahead of election day in November. The VP had a pair of appearances in the morning which focused on issues important to local republican voters like religious faith and personal security.In an interview with TMJ4 News, Pence discussed Coronavirus testing and the Black Lives Matter movement."Well look, I'm pro life. I think that all lives matter and that the lives of our African American community are precious in the sight of God," the Vice President said.? While the Black Lives Matter protests in Milwaukee and around the country have been largely peaceful and about systemic change, Vice President Pence raised concerns about the rioting and looting with some protests.?"I think that the leadership of the movement calling for defunding police - seeing the countless violence in the street. It's just not where the American people are - the American people know we can support law enforcement and our African American community. ?The decades of disparities run deep in Milwaukee for African Americans in areas of income and home ownership," he said.Pence points to President Trump's record with the lowest unemployment rate ever for African Americans before the pandemic, increased funding for Historic Black Colleges and Universities and more tax break investments in communities of color called Opportunity Zones. ?The vice president believes failed Democratic leadership in major cities helped Donald Trump win Wisconsin in 2016. ?"They heard him (President Trump) say to the African American community in this state: 'What do you have to lose?' Because too often our African American families in our major cities live on the most unsafe streets, their kids go to the most failing schools they are not given a choice, they don't have the income.?"But The Democratic Party of Wisconsin says the Trump Administration has not delivered."From failing to provide adequate PPP loans to black-owned businesses, relentlessly attacking protections for people with pre-existing conditions, and creating an economy where the Black community isn't given the same opportunities to get ahead, Trump and Pence have proven that their toxic agenda isn't designed to work for Black Wisconsinites, " said party Vice Chair Felesia Martin.Democrats and the Joe Biden campaign have also pounced on President Trump's comments that he wanted to "slow down" coronavirus testing.TMJ4 asked Pence about those comments. "The president has made it clear very early on that we were to form a seamless partnership ship with governors around the country. At this point, I think we have done 27 million test across America," Pence responded.U.S. Senator Tammy Baldwin thinks the Trump administration has not delivered enough testing supplies for hard hit places like nursing homes.The Wisconsin Democrat and potential V-P running mate for Joe Biden wants the president to use the Defense Production Act to increase testing supplies and improve access."We're facing lots of challenges as we struggle to reopen the economy," said Baldwin, and we will continue too as we open things like K--12 schools and higher education.Baldwin is also calling for work place protection rules and supplies. She says social distancing and hand washing are good guidelines but more is needed to protect front line workers for future Covid 19 surges or outbreaks."The idea that, this far into the pandemic, they've failed to issue any sort of mandatory, enforceable standards, is really, really outrageous."This story was originally reported by Charles Benson on tmj4.com. 3615

UNIVERSAL CITY, Calif. (KGTV) – Detectives in Los Angeles are searching for more victims after they say a man exposed himself to a woman and juveniles at Universal Studios.Hershel Korngut, 34, was arrested after detectives with the Los Angeles County Sheriff’s Office say he exposed himself to a woman on the Universal CityWalk on January 1.Korngut was arrested on a misdemeanor charge, cited and released. Throughout their investigation, detectives found several other juvenile victims and, after searching Korngut’s home, found evidence of child pornography.Authorities say additional charges, including possession of child pornography, lewd and lascivious acts upon a child and sexual battery will be brought before a judge at Korngut’s upcoming court appearance.Detectives added that Korngut was employed at a hearing care facility and mentored at a youth organization in Los Angeles.Detectives are asking that any additional victims come forward by calling the Los Angeles County Sheriff’s Office at 818-622-9600 or providing an anonymous tip at 800-222-8477. 1072

Twitter is about to get more words -- a lot more.The company announced on Tuesday it is doubling how many characters users can cram into a tweet.Most tweets will now fit 280 characters, up from 140. The new limit will roll out to Twitter users in almost all 40 languages Twitter supports.In late September, Twitter began a test of 280-character tweets with a small group of users.Like many Twitter changes, some users complained about the move.Interestingly, Twitter said that after the novelty of tweeting more characters wore off, most people in the test stopped tweeting the full length.According to the company, only 5% of tweets sent from people in the 280-character test group were longer than 140 characters, and just 2% were over 190 characters.The new character length won't apply to Japanese, Korean or Chinese-language tweets. Those languages can convey twice as much information in less space, so tweets will remain at 140 characters, Twitter said.Of course, the change means America's highest-profile Twitter user, President Trump, will have more space. Twitter cofounder Biz Stone had said the prolific Twitter user was not in the test group.The move modifies a fundamental aspect of Twitter. Aside from the test, the social network's character limit hasn't changed since the company launched in 2006.The 140-character length wasn't a random choice: Twitter's founders wanted tweets to fit in a text message, which can only hold 160 characters. So Twitter chose 140 characters for the tweet, and 20 characters for the user name.During the 280-character test, some users argued Twitter should focus less on the length of the tweets and more on the content. The platform continues to be rife with harassment and abuse, despite the company's efforts to better police it.Twitter recently updated its rules to be more explicit in its definitions and policies towards harassment, threats, and adult content.Everyone affected by the new length should have it by Tuesday evening.The-CNN-Wire 2005

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