New York: Banning pornography from Tumblr was not necessarily meant to define Verizon Media's strategy to turn around a collection of Internet has-beens. But that is how it has played out.After Verizon Communications Inc, which owns media brands like Yahoo, AOL and social media site Tumblr, declared its media properties nearly worthless last year with a US$4.6 billion write-down, the division of the U.S. telecoms giant is resurrecting the businesses as an antidote to the cesspool of the internet. (Graphic: https://tmsnrt.rs/2k5t3WS)"I want to build something that you'll 100per cent trust," Verizon Media Chief Executive Guru Gowrappan said in an interview last month.Still, analysts say Verizon Media will be competing with larger rivals who have deeper pockets and have made bigger investments in the areas it is turning its focus to.The restructuring comes as regulators are gearing up to investigate whether U.S. tech giants like Alphabet Inc's Google and Facebook have too much power, … [Read more...] about Verizon resurrects media business as safe haven on the internet