Can two once-great Internet behemoths come together harmoniously in an age of mergers, roll-ups, and distribution plays? The early returns suggests that Oath — the corporate marriage of AOL and Yahoo — has some work cut out for itself.
The former Today show host and CBS Evening News anchor will be concentrating on production work for the time being. A representative for Couric said Friday she turned down an opportunity for a short-term contract extension at Oath, formerly Yahoo.
Verizon Communications will create a new company called Oath after it completes its $4.5 billion acquisition of Yahoo and melds the troubled internet company with its AOL operations.