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LyrArc brings in selected articles from many of the world's top publications.

Articles are selected by experts and you can see the gist of the important articles.

Tim Armstrong, Former AOL Boss, Getting More Than $60 Million as He Exits Verizon

  
WSJ - 03.19.2019 Original article ›
Sarah Krouse
LyrArc Article Gist
Verizon Communications takes a $4.5 billion charge in the 4th quarter of 2018 for its acquisition of AOL. Tim Armstrong, former head of AOL departs Verizon with incentive package of $60 million. The business headed by Armstrong at AOL was combined with Yahoo properties and called Verizon Media Group which failed to meet revenue projections. Verizon spent $9 billion from 2015-2017 to buy AOL and Yahoo, in an investment that has half its value written off.

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Original article 3 minutes, gist 1 minute

Trouble on the Verizon for AT&T

4 Groups   
Wall Street Journal - 12.21.2011 Original article ›
Rolfe Winkler, Rolfe, Winkler
LyrArc Article Gist
The breakup fee of $4 billion and the $1 billion in "book value" of spectrum AT&T is giving to T-Mobile as part of the fee are part of the cost of the failed acquisition of T-Mobile. Other costs are that this puts AT&T at a significant disadvantage in relation to competitor Verizon, because Verizon is at least one year ahead in bringing out its next generation LTE network. By the end of 2011 Verizon's LTE network will reach 200 million Americans compared to AT&T LTE coverage of 70 million. Apple's next iPhone in 2012 will be an LTE model. AT&T's network congestion will mean it will have to do more capital spending than Verizon in the years ahead. Verizon has early mover advantages from its early investments in LTE network. From 2008 through the first 3 quarters of 2011, Verizon invested $29.3 billion in its wireless network compared to AT&T's $28.1 billion.
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Apple's New iPad a Boon for Verizon?

1 Groups   
Wall Street Journal - 03.07.2012 Original article ›
Spencer E. Ante, Spencer, E., Ante
LyrArc Article Gist
Verizon with the largest LTE network in the U.S. will benefit from the new iPad released in March 2012, which has LTE capabilities.
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Verizon-Vodafone Impact: 'Colossal'

9 Groups   
Wall Street Journal - 08.30.2013 Original article ›
Ryan Knutson, Ryan, Knutson, Thomas Gryta, Thomas, Gryta, Sam Schechner, Sam, Schechner

Verizon to buy Hughes Telematics

2 Groups   
New York Times - 06.01.2012 Original article ›
Michael J. De La Merced, Michael, J., De, La, Merced
LyrArc Article Gist
Verizon's deal to buy Hughes Telematics, a maker of wireless systems for vehicles, for $612 million in cash. Verizon paid $12 a share, a huge premium over the Hughes closing price of $4.35 on May 30, 2012.
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Why Verizon Wanted It All

2 Groups   
New York Times - 09.28.2013 Original article ›
Anna Bernasek, Anna, Bernasek

Verizon Begins Laying Off More Than 13,000 Employees

  
The Wall Street Journal - 11.20.2025 Original article ›
Patience Haggin

Verizon Doubles Down on Media With Yahoo Deal

6 Groups   
WSJ - 07.25.2016 Original article ›

Verizon Agrees to Buy Yahoo’s Web Assets for $4.83 Billion

5 Groups   
WSJ - 07.25.2016 Original article ›

Verizon Completes AOL Takeover

2 Groups   
New York Times - 06.23.2015 Original article ›
Emily Steel, Emily, Steel

IPhone Powers and Pinches Verizon

2 Groups   
Wall Street Journal - 01.25.2012 Original article ›
Greg Bensinger, Greg, Bensinger

Unions Walk Out at Verizon

2 Groups   
Wall Street Journal - 08.08.2011 Original article ›
Greg Bensinger, Greg, Bensinger

Samsung, Verizon Sign $6.65 Billion 5G Contract

  
WSJ - 09.07.2020 Original article ›
Elizabeth Koh

Verizon Seals Long-Sought $130 Billion Deal to Own Wireless Unit

5 Groups   
New York Times - 09.02.2013 Original article ›
Michael J. De La Merced, Michael, J., De, La, Merced, Mark Scott, Mark, Scott

Verizon Nears Deal to Buy Out Vodafone's stake in Wireless Unit

1 Groups   
New York Times - 09.01.2013 Original article ›
Michael J. De La Merced, Michael, J., De, La, Merced, Mark Scott, Mark, Scott

Verizon Reports a Profit of $1.7 Billion

9 Groups   
New York Times - 04.19.2012 Original article ›
Brian X. Chen, Brian, X., Chen

AT&T Stuck Behind Verizon

8 Groups   
Wall Street Journal - 01.27.2012 Original article ›
Greg Bensinger, Greg, Bensinger

German Government Ends Verizon Contract

3 Groups   
Wall Street Journal - 06.27.2014 Original article ›
Anton Troianovski, Anton, Troianovski, Danny Yadron, Danny, Yadron

Verizon Wireless Confident It's Got Muscle for iPhone

2 Groups   
Wall Street Journal - 01.10.2011 Original article ›
Spencer E. Ante, Spencer, E., Ante, Yukari Iwatani Kane, Yukari, Iwatani, Kane

Verizon Takes to the Battlefield

6 Groups   
New York Times - 05.13.2015 Original article ›
James B. Stewart, James, B., Stewart

Betting on the Future, Verizon Dials Up AOL

3 Groups   
Wall Street Journal - 05.13.2015 Original article ›
Thomas Gryta And Jack Marshall, Thomas, Gryta, And, Jack, Marshall

Heard: AOL Won’t Put Verizon in the Game

7 Groups   
Wall Street Journal - 05.13.2015 Original article ›
Miriam Gottfried, Miriam, Gottfried

From Yahoo to Yikes! as Verizon takes $6.7bn hit

  
- 12.12.2018 Original article ›
James Dean, Us Business Editor

Verizon Bets on Video Ads in $4 Billion Deal for AOL

9 Groups   
New York Times - 05.12.2015 Original article ›
David Gelles, David, Gelles

Charlie Rose Talks to Verizon CEO Seidenberg

4 Groups   
BusinessWeek - 01.13.2011 Original article ›
Charlie Rose, Charlie, Rose

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