'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
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- 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 standing behind Oath.
On its second quarter earnings call it issued its most explicit repudiation to date of rumors that it may spin the digital media unit business out of Verizon.See the rest of the story at Business Insider
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