Tim Armstrong, CEO of Verizon’s internet content unit, Oath, is reportedly negotiating his exit from the company. The Wall Street Journal reported the talks this morning. An Oath rep did not immediately respond to Deadline’s request for comment. A former top ad sales executive at Google, Armstrong became CEO of AOL in…

Verizon is pulling the plug on its Go90 mobile video app and shifting distribution of its shows to Oath’s well-established digital media brands, which include Yahoo and the Huffington Post. Oath CEO Tim Armstrong telegraphed that Go90’s days were numbered when he talked about transforming it from a standalone service…

Echoing sentiments from CBS boss Leslie Moonves yesterday, NBCUniversal’s head of advertising, Linda Yaccarino, said that no advertisers have bailed on NFL broadcasts on NBC. Nevertheless, she does believe anthem protests by players have hurt ratings. “I don’t think there’s any way to prove it, but I do think it has…

Marni Walden, Verizon executive VP and president of global media, said today she will shift into an advisory role as of December 31 and leave the company altogether in February. While not necessarily someone most Hollywood veterans know well, Walden’s purview was broad and as Verizon has matured and added media…

A lot of folks at Verizon’s new Oath unit are swearing today as the newly created unit blending of AOL and Yahoo assets kicks off its planned layoff of 2,100 employees, about 15% of the workforce. People began to receive the notifications one day after the telco completed its $4.48 billion acquisition of Yahoo…

Yahoo has yodeled into the sunset: Verizon says today that it closed its  $4.48 billion acquisition of the internet company’s operating businesses, and that Yahoo CEO Marissa Mayer has left. Yahoo’s assets have been blended with the telco’s AOL to forge a media subsidiary it calls Oath. It includes HuffPost, Yahoo…

About 500 AOL employees, accounting for 5% of its workforce, are about to lose their jobs. Tim Armstrong, who’s CEO of the Verizon-owned company, disclosed the news to staffers today as he announced a restructuring to focus on two business units: Media, which will include Search and Communications, and Platforms. “The…

Yahoo investors appear to be unmoved this morning by a story saying that Verizon, concerned about disclosures that the internet company failed to protect users’ privacy, wants to slash $1 billion from its $4.83 billion acquisition deal. Yahoo’s stock price is down less than 1% after the New York Post reported that Tim…

That was fast. AOL now belongs to Verizon a little more than a month after the telco giant announced its $4.4 billion purchase agreement. Holders of 60.37% of AOL shares tendered their stock for $50 a share. Now that AOL is no longer publicly traded, other owners will have a right to make the exchange for the same…

Turnaround company Hale Global will operate and own a majority stake of Patch, or at least what’s left of AOL chief Tim Armstrong’s dream to create a powerful network of local news Web sites. The companies say that they are “committed to re-launching Patch.” But instead of depending on journalists for news it will…

This was the shoe everyone was waiting to hear drop as AOL chief Tim Armstrong abandons his ambition to blanket the country with web sites offering hyper-local news. He told staffers at his Patch network of news destinations that 40% of them — about 480 people — will be laid off, media watchdog Jim Romenesko reports…

AOL and other web video providers showed with their NewFront presentations — timed to coincide with the TV networks’ upfronts in May — that they’re serious about trying to siphon ad dollars that typically go to broadcast and cable networks. Now AOL’s Tim Armstrong says he wants to take the next step by introducing the…