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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

TULSA, Okla. — A north Tulsa mother is concerned after she says she found thousands of dollars of unused school supplies and more than a dozen folders of private information from former students.The district says it’s common to get new curricular materials, but have limited storage to keep old materials. One former McKinley Elementary mother says it’s a shame it’s not put to better use.Kat Knight's living room is filled with watercolors, flashcards, unused lesson plans, play-doh, and rulers.“There’s nothing wrong with it," Knight said.“National Geographic, come on people," Knight said. "You can’t update that stuff; it’s history.”It was all found in dumpsters at McKinley Elementary.“I think they’re doing a great disservice to themselves and a lot of people," Knight said.Knight is homeschooling her 5-year-old daughter this year. The supplies she found is saving her thousands of dollars.“I might have saved a little more than ,000," she said. “I understand updating books, I get that. But can we donate these books?”Knight also found tests results from former students and personal information — student ID numbers, addresses, and phone numbers.“I understand if maybe it was a mistake but whose mistake was it?" parent Carolyn Trude said. "Are they going to be punished for this? Because this is wrong.”Tulsa Public Schools says it’s protocol to shred private information, but sometimes mistakes happen. They encourage community members to bring those materials back to the district.“I'm not a wasteful person but apparently our school boards and our schools are," Knight said.Knight is now ready to start the year without having to spend a lot of money, but wonders if other parents who homeschool their children need help.“If you’re not going to use it, we will," she said. 1805

UPDATE - 12:04 a.m. SundayThe Chase Bank on Spring St. has now reportedly collapsed. A San Diego Sheriff's deputy has also been hit by a brick and is receiving medical treatment, scanner traffic adds.-----UPDATE - 11:18 P.M.A fire has reportedly engulfed the Chase Bank on Spring Street, according to police scanner traffic.-----UPDATE - 11:13 P.M.Looters now jumping through the broken window of a nearby Target on Grossmont Center Dr. after law enforcement arrive at shopping center's Walmart.-----UPDATE - 11:03 P.M.A vehicle is engulfed in flames near La Mesa Blvd. and University Ave. as unrest continues in La Mesa.-----UPDATE - 10:48 P.M.Several people looting a Wal-Mart on Grossmont Center Dr. were seen from Sky10.-----UPDATE - 9:56 P.M.Police are fielding several burglary alarms from local businesses over looting in the La Mesa Springs Shopping Center, as unrest continues after a full day of protesting, according to scanner traffic.----UPDATE - 9:17 P.M.Police scanner traffic reports that about 100 people are looting the Vons grocery store at University and Allison in La Mesa.----UPDATE - 9:12 P.M.Police are reportedly forming a barricade at Fashion Valley Mall to prevent any possible looting of stores, according to scanner traffic, as police in La Mesa continue to respond to several fires and incidents involving protesters.-----UPDATE - 9:06 P.M.A fire has been reported at a school district parking lot near the La Mesa Police Department and some protesters have reportedly started looting surrounding businesses, according to scanner traffic. A fire hose is being requested by police, scanner traffic reported. Several vehicle fires in the area have been reported.-----UPDATE - 8:41 P.M.Spring and University in La Mesa has become the scene of a chaotic standoff between police and protesters, according to scanner traffic. Police are trying to close the area to motorist. Looting and a fire truck on fire have been reported in the area, per scanner traffic.-----UPDATE - 8:32 P.M.Officers continue to hold a line across La Mesa Police Station, using beanbags and pepper balls, according to scanner reports. Police are also reporting on scanners that fires have been reported at City Hall and the police station's sally port. A protester has reportedly been hit by a beanbag and was carried away by other protesters to a vehicle, scanner traffic added.-----UPDATE - 6:48 P.M.Police deployed multiple rounds of tear gas, forcing crowds back for a short period of time, before protesters regrouped outside the police station.-----UPDATE - 6:29 P.M.Citizen reporting to police that a car just ran over pedestrians at Allison and Spring.-----UPDATE - 5:42 P.M.Windows being broken out at La Mesa PD HQ, officers taking rocks and bottles, cops being told to put on masks and preparing to deploy gas.-----SAN DIEGO (KGTV) -- Thousands of demonstrators took over La Mesa's streets Saturday to protest against an incident caught on video between an African American man and a white La Mesa Police officer.The protest started at around 2 p.m. near the La Mesa Police Department headquarters. The group started with a hundred people but quickly swelled to an estimated two thousand.The rally was peaceful though disruptive to motorists as demonstrators holding signs with the messages "Black Lives Matter" and "I can't breathe" marched through residential streets and making their onto Interstate 8. VIDEO: Incident between La Mesa officer, man at trolley station surfacesThere was a tense moment during the march when protesters faced off with a CHP skirmish line at the I-8 on-ramp at El Cajon Blvd. About a dozen officers held off the large group for several minutes before several of the protesters broke through enabling nearly all of them to make their way onto the eastbound lanes of I-8.SWAT officers were called to the scene on I-8 and formed a skirmish line across all lanes near El Cajon Blvd. The march diverted back to the La Mesa Police Department.A few dozen demonstrators remained on the highway effectively shutting down all lanes.The calm ended when the large group gathered outside of the La Mesa Police Department and began attacking a bear cat vehicle that was brought in to help disperse the crowd.Officers used flash bangs and tear gas on the crowd temporarily emptying out the parking lot. Unruly protesters clashed with the police skirmish line outside of the LMPD headquarters slinging objects and breaking out windows on the building.As night began to set, the scene became chaotic. Vandals set fires to numerous buildings and vehicles including a Chase bank on Spring Street and a fire truck.At around 8:41 p.m., the intersection at Spring and University became a chaotic standoff between police and protesters. Police shutdown nearby streets to traffic as the crowd began to spread. Vandals set firefighting truck ablaze, just one of numerous vehicles that were set on fire.Looters struck a Walmart, Target, Vons and several stores in the La Mesa Springs Shopping Center.It's unknown if anyone has been taken into custody during the La Mesa protest. There have been no reports of injuries at this time.MORE: La Mesa officer in arrest video placed on leave, pending investigationSaturday's rally was organized after La Mesa authorities announced they launched an investigation after video surfaced of an incident at a local trolley station on Wednesday.The video shows an altercation between a man and an officer escalate at the trolley station. Eventually, the man is handcuffed by officers and told he is being charged with assaulting an officer.The protest in La Mesa follows a week of fiery demonstrations across the country stemming from the Memorial Day death of George Floyd, a 46-year-old black man who died after a Minneapolis police officer knelt on his neck until he passed out.Floyd was heard pleading with officers saying, "I can't breathe...please stop." 5921

Two record-breaking cats are missing following a house fire in Farmington Hills, Michigan. The metro Detroit family owns the world's tallest cat and the cat with the world's longest tail. The animals are both 2 years old. RELATED:  254