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Message-ID: <20181215161425.GA20902@telecom.csail.mit.edu>
Date: Sat, 15 Dec 2018 11:14:25 -0500
From: Bill Horne <bill@horneQRM.net>
Subject: Verizon plans to cut 10 percent of Oath staff
The cuts come in the wake of Verizon's decision to slash the value of
the Oath properties, which include AOL and Yahoo, by $4.5 billion.
By Dylan Byers
Verizon chief Hans Vestberg has set in motion a plan to start cutting
more than 1,000 jobs at the company's Oath media business in the first
quarter of 2019, sources with knowledge of the company's plans tell
NBC News.
Roughly 10 percent of Oath's 11,500 workforce will be cut, according
to one person who spoke on the condition of anonymity because they
were not authorized to speak publicly. Team leaders across the Oath
properties, which also include HuffPost, have been asked to submit the
names of employees who will be offered buyouts.
https://www.nbcnews.com/news/all/verizon-plans-cut-10-percent-oath-staff-n948001
--
Bill Horne
(Remove QRM from my email address to write to me directly)
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Message-ID: <20181215161807.GA20925@telecom.csail.mit.edu>
Date: Sat, 15 Dec 2018 11:18:07 -0500
From: Bill Horne <bill@horneQRM.net>
Subject: Verizon cuts 10,000 jobs and admits its Yahoo/AOL division
is a failure
Verizon's Oath division failing in ad market, and it could get even
worse.
By Jon Brodkin
Verizon is parting ways with 10,400 employees in "a voluntary
separation program," despite the Trump administration providing a tax
cut and various deregulatory changes that were supposed to increase
investment in jobs and broadband networks. The cuts represent nearly
seven percent of Verizon's workforce and were announced along with a
$4.6 billion charge related to struggles in Verizon's Yahoo/AOL
business division.
Verizon described the voluntary buyouts as well as ongoing Yahoo/AOL
failures in a Securities and Exchange Commission filing on
Tuesday. The buyouts affect "US-based management employees" in
multiple business segments, not just Yahoo and AOL.
https://arstechnica.com/information-technology/2018/12/verizon-cuts-10000-jobs-and-admits-its-yahooaol-division-is-a-failure/
--
Bill Horne
(Remove QRM from my email address to write to me directly)
------------------------------
Message-ID: <adff7b35-ad06-4520-ae98-e8f18e9e2ede@googlegroups.com>
Date: 15 Dec 2018 13:00:25 -0800
From: HAncock4 <withheld@invalid.telecom-digest.org>
Subject: How smartphones are changing our brains and lives
NBC News reported:
In the U.S., at least three of every four people now own a smart-
phone. And one estimate suggests that Americans touch their mobile
devices more than 2,600 times a day on average. But what do all those
pings and buzzes, scrolls and swipes actually add up to? Is it
worrisome - or not so much? "I think we know enough now to be deeply
concerned about how these very, very powerful and seductive devices
are influencing pretty much every aspect of our life," said Nicholas
Carr, a technology and culture author.
full article at:
https://www.nbcnews.com/mach/science/surprising-ways-smartphones-affect-our-brains-our-lives-ncna947566
------------------------------
Message-ID: <ff05ae60-b85a-4869-b1f0-f968f30b932c@googlegroups.com>
Date: 11 Dec 2018 19:53:29 -0800
From: "nigeldavidallen@gmail.com" <nigeldavidallen@gmail.com>
Subject: Submissions for CRTC Prize for Excellence in Policy
Research
The Canadian Radio-television and Telecommunications Commission is
co-sponsoring the CRTC Prize for Excellence in Policy Research with the
Canadian Communication Association (CCA). The Prize was launched in 2015 to
encourage a new generation of academics to contribute to Canada's public
policy development through research on emerging issues in information and
communication studies.
More details (and links to previous years' winners) are at
https://crtc.gc.ca/eng/acrtc/acrtc3.htm
The prize is only open to Students enrolled in a graduate program at a
Canadian university Canadian students (including permanent residents
and landed immigrants) enrolled in a graduate program at a university
in another country Canadian post-doctoral researchers (including
permanent residents and landed immigrants) affiliated with a Canadian
university
Nigel Allen
Toronto, Ontario, Canada
no affiliation with the CRTC or Canadian Communication Association
------------------------------
Message-ID: <20181215210754.GA21520@telecom.csail.mit.edu>
Date: Sat, 15 Dec 2018 16:07:54 -0500
From: Bill Horne <bill@horneQRM.net>
Subject: Verizon's moment of clarity
Verizon has finally figured out that it way overpaid for Yahoo and
AOL, perhaps after going back and reading all the contemporaneous
media analysis and armchair tweets.
Details: The company, now led by a CEO who prioritizes media like Bill
Belichick prioritizes fashion, yesterday wrote down the value of its
entire Oath unit by $4.6 billion. For context, Oath basically consists
of Yahoo ($4.8 billion purchase last year) and AOL ($4.4 billion in
2015).
https://www.axios.com/verizon-writedown-oath-yahoo-aol--41b3e851-a3b2-495a-b323-9d23f70ffdb0.html
---
Bill Horne
(Remove QRM from my email address to write to me directly)
***** Moderator's Note *****
Alcoholics have moments of clarity: that precious instant when they
realize that the only person who can help them is walking in their
shoes. Some - too few, sad to say - take that insight to heart and use
it to guide them on a better path.
Verizon is incapable of seeing the current media and online world with
clarity: it and the other Baby Bells are the offspring of a company I
will call "Ma Bell:" they were ordered into protective custody not by
a judge, but by the managers of mutual funds that had, at long last,
accummulated enough of Ma Bell's stock to demand that the old whore
agree to the Consent Decree that divided her twisted and co-dependent
family into the foster-children that were renamed NYNEX, Bell
Atlantic, QWest, etc.
The breakup of Ma Bell's empire was met with widespread optimism and
rosy predictions of the benefits the new companies would bring
to the masses. As with many other forecasts of a Disneyesque happy
ending to a long-standing problem, this one soon colided with the
castle of business reality: the managers of those mutual funds did not
care about universal service or reliability or helping senior citizens
to afford a basic black telephone.
They
cared about the exorbitant long-distance rates their other
business holdings were paying - rates dictated by a Congress willing
to sentence American business to doing business with paper and postage
stamps, while Europe, Asia, and the developing world installed Gigabit
Fiber-Optic networks, ubiquitous cellular infrastructure, and even
satellite-based Internet. Our international competitors even backed
widespread use of a proven, reliable, low cost data technology which
Ma Bell had avoided like the plague: ISDN.
France's Minitel network was just one example of technologies and
capabilities that U.S. citizens would wait years to even sample.
Germany's "dial-up" Internet made ISDN data connections available in
almost every household - except that the "dial-up" rates started at 56
Kpbs and went up to 128 Kbps, while U.S. users were making do with
analog modems.
Those who held the top offices in the new ILECs were either savvy
enough to get busy merging and expanding, or they were quickly
outmanuevered and outside. The rest, in retrospect, was inevitable: I
remember one top official in NYNEX who wound up riding the elevators
for weeks, telling total strangers that he had to decide if he would
take only five million in separation, or stay for another month and
get more. Once he was finally escorted out the door, the company
newsletter published a fawning story about his new multi-million
dollar condo at the former Charlestown Navy Yard, where he would have
a great view of Old Ironsides: like NYNEX, an ancient relic maintained
for political reasons even though it wouldn't survive ten seconds in a
modern battle.
Alcoholics may have moments of clarity, but not former monopolies. The
few who survived the initial purges were old-line apparatchiks who
thought that wearing a power tie and walking around with a folder
under their arm was the best way to prove themselves leaders, but they
were used to standing in a river of gold that ran from their customers
to their suppliers, and to dipping out as much as they chose anytime
they wanted. To their monopolist minds, everything would remain as it
was and all they had to do was to keep paying a dividend and never,
never, ever admit a mistake. They were as addicted to the memory of Ma
Bell as any alcoholic is to Ethanol, and they had the added
disadvantage, for a while, of thinking that they were right.
When their competitors started to make inroads into their core
businesses, they panicked. We all saw the disastrous flailings which
marked NYNEX's growth pains: the newly born baby bell tried to enter
the retail world, and I knew the manager of a NYNEX store which had
been located in Boston's red light district, who told me that he had
to count the prostitutes who stopped in to get out of the rain in
order to please the bean counters at corporate HQ who had rented his
store sight unseen.
The company bourght in well-regarded professionals to modernize the IT
department that I worked in at the time: I attended an "all hands"
meeting in Boston, and asked the new VP of DP what skills I should
learn to best fit into his vision of the company's future, and he
answered confidently "Case Tools and C." It turned out that he had
made a deal with Fran Tarkenton's "Knowledgeware" company to buy a set
of new-age magic bullets that were advertised as being able to convert
decades worth of COBOL and PL/I and Assembler into the then-
fashionable notion that the most effective strategy was to use a
language that had been listed the most in résumés, and I worked with
some of the "C" contractors who had to find out the hard way that
IBM's "C" compiler depended on code typed on character based terminals
which didn't even have keys for some of the most often used characters
in C. I was friends with one of the programmers who had been shifted
to the group that was working with the new-age super-special magicware
which would solve all our IT problems. He described Knowledgeware as
being like "A brand-new Cadillac with gold trim, gold bumpers, a gold
motor, and gold seats - except without a steering wheel. But don't
worry, they say; when we finish making the steering wheel, that will
be gold too!"
Fran left behind a lot of disilusioned programmers and several million
dollars worth of magicware that hadn't made any magic happen. NYNEX
then invested in a new substitute billing system from another Baby
Bell which turned out to be more promising than performing, and after
running up more million-dollar deficits, both the Case Tools and the
VP of DP were gone and forgotten within a year or two.
The problem isn't that Verizon is incapable of performing well, just
that it's incapable of changing. That's not a fatal flaw in and of
itself - military bases are models of efficiency, but haven't changed
in any meaningful way for hundreds of years - but in today's online
media world, changes occur at the speed of light, and Verizon is, as a
company, just not that bright.
Bill Horne
Moderator
------------------------------
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End of telecom Digest Sun, 16 Dec 2018