The following video is from Tuesday's MarketFoolery podcast, in which host Chris Hill, along with analysts Jason Moser and Joe Magyer, discuss the top business and investing stories.
Verizon's (NYSE: VZ ) fourth quarter featured a record 2.1 million additional subscribers and nearly 10 million activated smartphones, yet the company still lost nearly $2 billion for the quarter. In this segment, the guys analyze why both Verizon and AT&T (NYSE: T ) are getting hammered with legacy pension costs.
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The relevant video segment can be found between 0:48 and 6:27.