The Hollywood Reporter reports: “Verizon is exiting the media business. The telecom giant is selling Yahoo, AOL and the remainder of its Verizon Media brands to the private equity firm Apollo Global Management in a $5 billion deal announced Monday.”
![](https://digitalmediawire.com/wp-content/uploads/2016/07/Verizon-Logo-1021x580.png)
The Hollywood Reporter reports: “Verizon is exiting the media business. The telecom giant is selling Yahoo, AOL and the remainder of its Verizon Media brands to the private equity firm Apollo Global Management in a $5 billion deal announced Monday.”