Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of The New York Times
So what: There wasn't any specific Times news driving the move, but when competitors are bought out investors like to speculate on who might be next. The Huffington Post is ad-supported, and The New York Times is planning on offering a subscription service as ad revenue declines.
Now what: AOL isn't exactly a company whose acquisitions I am inclined to copy, and considering the up and down day the market doesn't know what to make of it either. I am more concerned about falling ad revenue at The New York Times than the AOL acquisition and will keep an eye on how subscriptions like The Daily from News Corp.
Interested in more info on New York Times? Add it to your watchlist.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.