Verizon reportedly will dump one of its well known media properties

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Back in June 2013, Yahoo purchased micro-blogging and social networking app Tumblr for $1.1 billion (including liabilities). Then Yahoo CEO Marissa Mayer wanted to bring some younger users to Yahoo, and she thought that Tumblr would help. Three years later, Yahoo wrote off $712 million of the purchase price in two separate transactions leading up to Verizon’s acquisition of Yahoo for $4.5 billion.
Now, according to the Wall Street Journal, it appears that Verizon wants to get rid of Tumblr. Once adult content was banned from the site back in December, the number of …

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