Verizon cuts jobs at media unit that includes Yahoo, AOL

Verizon is cutting hundreds of jobs from its media division which includes the former internet stars Yahoo and AOL, a source familiar with the matter said Wednesday.The source said the cuts amounting to seven percent of the workforce are being made "to focus the business and realign teams" at the Verizon Media unit, which also includes news sites such as HuffPost, TechCrunch and Engadget.The exact number of cuts was not clear, but the Wall Street Journal said it would amount to around 800 positi