Tim Armstrong to depart as CEO of Verizon's Oath [telecom]

By Michael Sheetz

Verizon's head of media and advertising Tim Armstrong will leave at the end of the year, the company announced Wednesday. CNBC reported Armstrong was in talks to leave as of Sept. 7.

Armstrong came to Verizon in 2015 as part of the acquisition of AOL, where he was CEO. The company later bought Yahoo and combined the two divisions 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 a recent Wall Street Journal report, despite recent discussions about spinning off Oath into a separate business.

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