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VICTORVILLE, Calif. (KGTV) - A 14-year-old boy conducted an false investigation in Victorville in an SUV with emergency lights and a San

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

Uber has announced a new subscription service to help customers avoid price surging.Titled "Ride Pass", the new service is only available in five U.S. cities at the moment.According to the BBC, the service costs .99 a month in Los Angeles and .99 in Austin, Denver, Miami and Orlando. Uber says the service will expand to other U.S. cities in 2019."We want to make Uber a reliable alternative to driving yourself - an affordable option people can use for their everyday transportation needs," product manager Dan Bilen said.The ride-sharing company says users will save up to 15 percent a month when subscribing to "Ride Pass."   663

UPDATE (8:45 a.m., May 24): San Diego police say Gregory Gavino was found at a family's home at about 8 a.m. and taken back to the hospital. No other details were provided. 180

Two candidates endorsed by President Donald Trump are locked in tight races, with votes from Tuesday's elections still left to count.The special election in a deep-red Ohio congressional district was too close to call Tuesday night, with Republican Troy Balderson holding a narrow lead over Democrat Danny O'Connor.In the Republican primary in the Kansas governor's race, meanwhile, Trump-backed Secretary of State Kris Kobach and incumbent Gov. Jeff Colyer were waiting on results from the highly populated Johnson County, in the Kansas City area. 556

来源：资阳报