Verizon's media and ad chief Tim Armstrong is in talks to exit [telecom]

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* Verizon's head of media and advertising Tim Armstrong is in talks to
  leave the company, sources tell CNBC's Andrew Ross Sorkin.

* Armstrong was brought in to build the company's digital advertising
  business Oath but it has yet to produce significant growth.

* He may leave as early as next month.

By Michael Sheetz

Verizon's head of media and advertising Tim Armstrong is in talks to
leave the company, sources tell CNBC. The Wall Street Journal first
reported the news Friday morning, citing people close to the
situation.

Armstrong came to Verizon in 2015 to help try to combine the company's
acquisitions of AOL and Yahoo into a digital advertising unit called
Oath but those efforts have yet to produce significant growth. Verizon
has decided to integrate Oath more fully with the rest of the
company's operations, according to the WSJ report, despite recent
discussions about spinning off Oath into a separate business.

https://www.cnbc.com/2018/09/07/verizons-media-and-ad-chief-tim-armstrong-is-in-talks-to-exit-dj.html

--  
Bill Horne
(Remove QRM from my email address to write to me directly)

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