https://www.fool.com/investing/2018/11/04/why-verizon-might-be-conceding-defeat-on-its-aol-a.aspx
Management now expects revenue to be relatively flat at Oath going forward, which would put annualized sales at $7.8 billion based on Oath's trailing 12-month results. Verizon also announced on the third-quarter earnings call that it's cutting its 2018 capex guidance again -- to a new range of $16.6 to $17.0 billion -- which would seem to indicate that cost savings is now the name of the game for Verizon. But there's more reason to believe Oath could be allowed to continue its slow downward spiral.