Verizon's top media executive Walden leaving

ASSOCIATED PRESS
NEW YORK
Published 05.10.2017 20:19

Marni Walden, the executive in charge of Verizon's media business, is leaving the company.

Verizon spokesman Bob Varettoni says she is leaving to pursue other opportunities and her departure has nothing to do with Tuesday's announcement of a bigger hack at Yahoo.

Verizon acquired Yahoo in June and combined it with a 2015 acquisition, AOL, into a content and ad business called Oath. The country's largest carrier is looking for new revenue sources as the wireless industry slows.

Walden will become a "strategic adviser" to Verizon CEO Lowell McAdam after the end of the year and leave the company entirely in February.

Tim Armstrong, the former Google executive who had run Oath under Walden, will now report directly to Verizon CEO Lowell McAdam. Walden will not be replaced.

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