Verizon resurrects media business as safe haven on the internet
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New York (Reuters) - Banning pornography from Tumblr was not necessarily meant to define Verizon Media's strategy to turn around a collection of Internet has-beens. But that is how it has played out. After Verizon Communications Inc, which owns media brands like Yahoo, AOL and social media site Tumblr, declared its media properties nearly worthless last year with a $4.6 billion write-down, the division of the U.S. telecoms giant is resurrecting the businesses as an antidote to the cesspool of..