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1 Trend News Corp. Is Fighting

By Chris Hill - Dec 4, 2012 at 7:27PM

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News Corp. doesn't want to admit it, but the news biz just isn't what it used to be.

The following video is from Tuesday's MarketFoolery podcast, in which host Chris Hill, along with analysts Austin Smith and Joe Magyer, discuss the top business and investing stories.

News Corp. (NASDAQ: NWS) announced yesterday that The Daily, a premium app-only news service the company launched in January 2011, will produce its final issue on Dec. 15. In this segment, the guys look at what News Corp.'s biggest problem was with this app: an old-news business approach to a new medium, when all the trends show that the old-news business approach just isn't viable anymore.

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Stocks Mentioned

Twenty-First Century Fox, Inc. Stock Quote
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Gannett Co., Inc. Stock Quote
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The New York Times Company Stock Quote
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$29.14 (1.89%) $0.54
Graham Holdings Company Stock Quote
Graham Holdings Company
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$569.64 (-1.96%) $-11.40

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