We extend our sincere sympathy to the family members of:
EVP Kelvin Gunn, his wife Pam Gunn passed away on Monday, April 20, 2020. If you would like to send a card or flowers, send to: Kelvin Gunn, 6816 McCormick Road, Upper Marlboro, MD 20772
Recently retiree Ernie Jones passed away on Saturday, April 18, 2020. The death is not COVID-19 related which allows a public viewing in rotations of 10 people at a time on Monday, April 27, 2020 from 11:30am-1:30pm at March Funeral Home (West) 4300 Wabash Avenue, Baltimore, MD 21215
Louis Strachan, his father Leonard Strachan, Sr. passed away on Tuesday, April 14, 2020.
Please keep our members and family lifted in prayer.
"If the discussion I am being asked to enter could in any way lead to my discipline or termination or impact my personal working conditions, I ask that a union steward, representative or officer be present. Unless I have this union representation, I respectfully choose not to participate in this discussion."
Yahoo's business has been doing so poorly that if you take the company's overall market value and subtract the value of stock Yahoo owns in two Asian internet companies — Alibaba and the independent company Yahoo Japan — you get a negative number.
In other words, Yahoo is less valuable than the sum of its parts. And for tax reasons, it doesn't make sense for Yahoo to sell off its Alibaba and Yahoo Japan shares. Instead, Wall Street has been pressuring Yahoo to sell the actual company — the business that operates the Yahoo website and services like Flickr and Tumblr, but not the shares — to a third party.
That plan looks like it's getting closer to fruition. Today, Bloomberg reported that telecommunications giant Verizon is planning to make a bid for Yahoo — in effect combining it with AOL, which Verizon purchased last year. Google is also weighing a bid, according to Bloomberg, while AT&T and Comcast have decided not to make an offer.
Verizon buying Yahoo would look a lot like Verizon buying AOL
AOL has a lot in common with Yahoo. Both companies are well-known internet brands whose best days are a decade or more in the past. Like AOL, Yahoo makes a lot of its money by creating internet content and selling ads against it.
When Verizon purchased AOL, it emphasized the company's portfolio of media brands, including TechCrunch and the Huffington Post. But as Matt Yglesias wrote for Vox last year, Verizon may have also been interested in AOL's ad technology business — and in particular how Verizon could use data gathered from its vast broadband and mobile networks to help AOL content companies target ads more effectively.
Either way, if Verizon was happy with its AOL acquisition, buying Yahoo, a company with a similar portfolio of technology, media, and advertising products, seems like a logical next step.
In recent years, scale has become increasingly important in the online advertising business. Advertisers prefer to make a few big ad deals rather than many small ones, so larger media companies are often able to command premium prices. With Yahoo and AOL under one roof, Verizon would be able to integrate their ad sales teams and offer advertisers packages that include media brands from both companies.
Yahoo would make Google stronger where it's already strong
The big downside to a Verizon acquisition is that Verizon is not known for nurturing software innovation. And while conventional media properties like Yahoo Sports, Yahoo News, and Yahoo Finance are important parts of Yahoo's portfolio, the company also has popular software products like Yahoo Mail, the Yahoo search engine, and Tumblr. These parts of Yahoo would be an awkward fit at Verizon, and they might have trouble recruiting and retaining the top-tier engineers they need to keep them on the cutting edge.
The other rumored bidder, Google, has essentially the opposite strengths and weaknesses. The tech behemoth knows all about managing software products and ad networks. Being acquired by Google would provide an immediate morale boost for Yahoo's technical talent, and might help Yahoo recruit and retain good programmers in the future.
That said, Yahoo's content business would be an awkward fit at Google, which prefers to act as a platform for other people's content rather than a creator of content in its own right.
Acquiring Yahoo would allow Google to bolster its position in markets — search, email, ad networks — where Google is already a leading player. Indeed, that might be a good reason for Google not to acquire Yahoo: Making its already dominant search and advertising divisions even more dominant might invite unwanted attention from antitrust regulators.
And with Yahoo's software products in an apparent death spiral, it may be only a matter of time before Google is able to attract many of Yahoo's users to Google's own platforms anyway.
April 28 is Workers Memorial Day where we remember workers killed or injured on the job and renew our commitment to fight for strong safety and health protection. To read the entire article, click here.
CWA Economic Justice and Democracy
Tell Congress to pass Paid Sick and Family Leave for ALL workers NOW! To complete the form, click here.
We need Protective Equipment Now - Healthcare and other essential workers are on the front line of the COVID-19 crisis. You can take action by signing the petition, click here.