- 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.
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