Tech

Verizon is trying to sell Tumblr, the blogging site once worth $1.1 billion

Verizon Communications is looking to sell Tumblr, according to the Wall Street Journal. The process is on-going and it’s unclear whether the company will find a buyer, according to the report. Visit Business Insider’s homepage for more stories. Verizon Communications is looking to sell Tumblr, the free blogging platform it […]
Verizon is trying to sell Tumblr, the blogging site once worth $1.1 billion
News

Former Oath and AOL CEO Tim Armstrong is getting a $60 million payout

Former AOL CEO Tim Armstrong is getting a $US60 million payout package from Verizon. The so-called golden parachute follows Armstrong’s departure from the company in October, and comes after Verizon wrote down about about half of Oath’s $US9 billion value. The integration of AOL and Yahoo has never been on […]
Former Oath and AOL CEO Tim Armstrong is getting a $60 million payout
News

Here are our 10 most popular media and advertising stories of 2018

2018 was a tumultuous year in media and advertising, and our biggest Business Insider Prime stories are a reflection of that. There were articles about Verizon taking on Google and Facebook, brands like McDonald’s forcing agencies to change how they operate and TV companies trying to solve the ad measurement […]
Here are our 10 most popular media and advertising stories of 2018
News

What you need to know in advertising today

Introducing the rising stars of Madison Avenue. Whether developing breakthrough ad campaigns, using data in new ways, or coming up with new ways to reach consumers, this crop of young advertising professionals is turning traditional advertising on its head and shaking things up on Madison Avenue and beyond. Business Insider […]
What you need to know in advertising today
News

What you need to know in advertising today

Charter Communications chief executive Tom Rutledge will look to buy more cable assets if they become available. “If there were assets for sale that we could do more of, we would do that,” Rutledge said at the UBS Global Media & Communications Conference. “We’ve been buying a lot of our […]
What you need to know in advertising today
News

What you need to know in advertising today

According to new data from advertising agency Merkle, Amazon has ramped up the number of Google search ads it buys to drive traffic to its website during the holidays this year. While the jump in ad spend isn’t surprising during the advertising-heavy fourth quarter of the year, the timing of […]
What you need to know in advertising today
News

Oath CEO Tim Armstrong is stepping down in October

Oath CEO Tim Armstrong will step down in October. Oath president and COO Guru Gowrappan will assume the role of CEO October 1. Armstrong will stay on at the firm to help with transition until the end of 2018. Insiders say Verizon’s marriage of Yahoo and AOL was doomed from […]
Oath CEO Tim Armstrong is stepping down in October
News

Oath CEO Tim Armstrong is reportedly in talks to leave the company

Oath CEO Tim Armstrong is reportedly in talks to leave Verizon. Verizon plans to integrate parts of Oath’s business into the larger company, according to The Wall Street Journal. Armstrong may be out as early as next month. Tim Armstrong, the CEO of Verizon’s media and advertising business, Oath, is […]
Oath CEO Tim Armstrong is reportedly in talks to leave the company
News

‘There is no intention of spinning out Oath’: Verizon affirms its commitment to its digital media business following reports CEO Tim Armstrong was considering a buyout

Verizon explicitly rejected claims it would spin out its digital media business Oath on its second quarter earnings call. Recently, advertisers have expressed doubt that Oath will be able to compete with Facebook and Google. Outgoing CEO Lowell McAdam said Oath is on schedule with its planned integration. Verizon is […]
‘There is no intention of spinning out Oath’: Verizon affirms its commitment to its digital media business following reports CEO Tim Armstrong was considering a buyout
Markets

Seven West Media has sold out of Yahoo7

Seven West Media’s long joint venture in Yahoo7 is over. The media company today announced it had sold its 50% stake to Oath, the Verizon vehicle holding the assets of Yahoo. Paul Sigaloff, Yahoo7’s chief revenue officer, becomes managing director of Oath ANZ. Out the door will be Yahoo7 CEO […]
Seven West Media has sold out of Yahoo7
News

Tumblr founder and CEO David Karp is resigning

Tumblr’s founder, David Karp, is resigning less than a year after Verizon acquired the Yahoo-owned subsidiary. Karp said he was leaving “after months of reflection on my personal ambitions.” He is also set to receive his fully vested compensation from Tumblr’s 2013 sale to Yahoo this year. Tumblr COO Jeff […]
Tumblr founder and CEO David Karp is resigning