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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 (3:31 p.m.): SDPD says 12-year-old Rhode has been found safe.SAN DIEGO (KGTV) — San Diego Police on Saturday were searching for a missing 12-year-old girl.Police said 12-year-old "Rhode" was last seen in the Barrio Logan neighborhood. No further information was immediately released.She's described as 5'4", about 150 pounds, with brown hair and brown eyes. She was last seen wearing a black sweater, black leggings, a red bandana, and grey Liberty Vans.Anyone with information is asked to call 911. 514

TWIN LAKE, Mich. — After Christy Hester lost her husband, Richard, in January, there was one thing she was having trouble parting with: his glasses. 156

Two days after Chris Watts' family vanished, he asked to see his father as he was being questioned by investigators in Colorado.In a bare white room at the Frederick Police Department, he told his father that he'd "freaked out" and killed his wife in a fury after a fight over plans to separate, according to newly released video from the Weld County District Attorney's office."Oh my God," his father said, dropping his head into his hands.Shanann Watts and the couple's two daughters -- Bella, 4, and Celeste, 3 -- were reported missing August 13. After denying for days that he was involved, Chris Watts told his father on August 15 that he'd killed his wife because he saw her smothering their two daughters to death, the video shows.But prosecutors said he killed his pregnant wife and two daughters. He was sentenced this month to five life sentences with no possibility of parole after pleading guilty to the murders.Investigators released new videos and audio Thursday detailing some of the interactions they had with Watts and his mistress after his family was reported missing. 1095

Two students were injured after a gun accidentally discharged at a school in Fulton County, Georgia on Thursday.Police received reports of a loud pop coming from a classroom at Banneker High School just before 3:30 p.m.According to a spokesperson with Fulton County Schools, a bullet hit a female student in the ankle, and also grazed another student. Both students were treated for minor injuries, according to the spokesperson.Officials say officers searched the classroom and found a low-caliber handgun hidden in a box. It's believed the weapon was brought on school property in a book bag by a student, according to the school spokesperson.The spokesperson added that "the investigation into this incident is ongoing and the [Fulton County Schools Police Department] plans to file criminal charges against everyone involved in this incident in accordance with District policy."Three students will face charges in the incident. One student is being charged with one count possession of a weapon and one count of a weapon on campus. Two students are being charged with reckless conduct because of their contact with the weapon.The spokesperson told CBS46 the gun did not belong to the injured students.No bags of any kind are being allowed into the school building on Friday.  1297