Verizon Media is the result of the media properties the telecom company bought under former CEO Lowell McAdam. In 2015, Verizon bought AOL, the parent company of media sites like The Huffington Post (now HuffPost) and TechCrunch, for $4.4 billion. In 2016, Verizon agreed to purchase Yahoo for $4.8 billion, though that price tag was cut. The next year, Verizon created Oath as the new home for AOL and Yahoo and it hoped to generate $10 billion in annual revenue by 2020.