Telco-Media Fail: Verizon Takes $658 Million In Writedowns After Go90 Closure | AdExchanger

Verizon revealed Tuesday that it is taking a $658 million writedown for “product realignment” that is “mainly related” to Go90, which it shut down in late July.

Verizon also had $339 million in severance charges and $120 million in charges related to its Oath integration, the company said during an earnings call. Taken together, the charges total about $900 million after taxes.

Source: Telco-Media Fail: Verizon Takes $658 Million In Writedowns After Go90 Closure | AdExchanger

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