Verizon's moment of clarity

Verizon has finally figured out that it way overpaid for Yahoo and AOL, perhaps after going back and reading all the contemporaneous media analysis and armchair tweets.

Details: The company, now led by a CEO who prioritizes media like Bill Belichick prioritizes fashion, yesterday wrote down the value of its entire Oath unit by $4.6 billion. For context, Oath basically consists of Yahoo ($4.8 billion purchase last year) and AOL ($4.4 billion in 2015).