Cord-cutting, in which (usually younger) pay-TV subscribers walk away from cable and embrace new ways of accessing media, has been a known phenomenon since at least 2011. But it’s been a slow-rolling snowball, even as services like Netflix soar into the stratosphere. This year, however, it seems that Wall Street traditionalists have finally caught on to the change, and they’re not happy.
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Verizon has teamed up with Google and Apple for a new incentive for the company’s unlimited plan customers.
Internet pioneers Yahoo and AOL are changing hands yet again as Verizon is selling its Verizon Media branch for about $5 billion