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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

VATICAN CITY (AP) — Questions are swirling about the origins of Pope Francis’ bombshell comments endorsing same-sex civil unions. All evidence suggests he made them in a 2019 interview that was never broadcast in its entirety. The Vatican refused to comment on whether it cut the remarks from its own broadcast or pressured the Mexican broadcaster that conducted the interview to follow suit. And it didn’t respond to questions about why it allowed the comments to be aired now in the documentary “Francesco,” which premiered Wednesday. In the movie, Francis said gay people have the right to be in a family since they are “children of God.” Those comments have caused a firestorm. 689

United Airlines is putting together strong measures when it comes to safe air travel during COVID-19.On Wednesday, the company announced that customers must wear masks while at the airport or they could risk being "banned from flying." Customers would only be banned while the mask requirement is in place."The most important thing any of us can do to slow the spread of the coronavirus is to simply wear a mask when we're around other people," said United's Chief Executive Officer, Scott Kirby in a news release. "A mask is about protecting the safety of others, and I'm proud of the aggressive and proactive steps United Airlines has taken to ensure people are wearing a face-covering in the airports where we operate and onboard the aircraft we fly."Since May 4, the airlines have required travelers on their planes to wear masks.Now, they must also wear a mask while at United's customer service counters and kiosks, United Club locations, gates, and baggage claim areas, the company said.The mandate goes into effect on Friday. 1041

Tropical Storm Isaias formed in the Atlantic on Wednesday night, and it could bring heavy rain and strong winds to Florida. The National Hurricane Center said it is forecasted to become a hurricane Friday or Friday evening.On Thursday, the National Hurricane Center issued tropical storm watches for parts of Florida ahead of the storm.The National Hurricane Center said on Wednesday that the storm could impact Florida by the end of the week and over the weekend. On Thursday afternoon, NHC said it was too soon to determine the location or magnitude of those impacts."Here's the problem, all of our models have shifted east overnight. Except the Euro, which has now shifted the storm back into the Gulf of Mexico," Gree Dee said Thursday morning. "I cannot underscore this enough, this storm track is not set in stone right now."Gov. Ron DeSantis said on Wednesday that he's "closely" monitoring the system. He recommends Floridians be prepared now with at least seven days of disaster supplies ready.Isaias continues to produce life-threatening flash flooding and gusty winds over Puerto Rico. On the forecast track, the center of the storm will move over Hispaniola on Thursday and near the southeastern Bahamas by Thursday night or early Friday.Isaias is forecast to be near the Central Bahamas Friday night and approach the Northwest Bahamas or southern Florida Friday night and Saturday.This story originally reported by Emily McCain on abcactionnews.com 1470

UPDATE: Tuesday's meeting was canceled due to an illness.SAN DIEGO (KGTV) - On Tuesday night, the City of San Diego's Parks and Recreation Department will present two options for redeveloping the De Anza area to the Mission Bay Park Committee.The meeting is open to the public and begins at 6 p.m. at Mission Bay High School.The two plans were released to the public over the summer. Both feature improvements to sports fields, the Mission Bay Golf Course, green space, walking paths, playgrounds and beaches. Both also have new wildlife habitat areas included, although they vary on how many acres (27 or 38). A more detailed look at the plans can be found here.But wildlife preservations groups like the San Diego Audubon Society and ReWild Mission Bay say they don't go far enough to preserve the habitat or protect wildlife.They're calling for up to 200 acres of land set aside. They say it can also provide a buffer against sea level rises from global warming.They've put forth three other alternative plans that have limited amenities for people, but focus on open habitat space."I don't think being able to use an area for cycling, walking or jogging and conservation of the bay are mutually exclusive," says Linda Conser, who walks along the bay every week. "I think they can exist together.""A lot of my friends use this area," says Chris Garry, who launches his fishing boat from the dock at De Anza Cove. "I'm interested to see what it's going to be like." 1490

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