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Verizon Media Group’s Revenues Plummet

Verizon Media Group, formerly called Oath, suffered a $5.8 decline in revenues last quarter. So reports Forbes

The decline is a result of a highly competitive advertising environment and challenges that Verizon is facing with integrating Yahoo and AOL. In a recent conference call, CEO Hans Vestberg said earnings for the group should improve as Verizon executes on plans that are now in place, including an increased focus on mobile.

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