Is the age of the combined telco/media company over?
Verizon announced the sale of Verizon Media this week, with private equity firm Apollo Global Management Inc. for US$5 billion. The company will go forward under the name Yahoo with Verizon retaining a 10% stake in the company. The team looks at how the deal may affect the company's Australian outpost, led by Paul Sigaloff, as well as what it means for the future of telcos trying to become media companies, and vice versa.
Things are looking up for the Australian ad industry, with Standard Media Index reporting an upward turn in spend for the month of March and a surge in forward bookings for…
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