Verizon continues making progress with building new media assets while wasting time on a bid with old media Yahoo.
The latest earnings results from Yahoo show a business in secular decline that keeps getting worse.
Verizon's stock will continue trading weak due to the ongoing bid for Yahoo and the union strike.
The latest news has Verizon Communications (NYSE:VZ) as the likely top bidder for old media Yahoo (NASDAQ:YHOO) while buying a new media company. After the close Tuesday, Yahoo reported Q1 results that again question why Verizon wants to buy the core business of the company that's in big-time decline.