The following video is from Tuesday's MarketFoolery podcast, in which host Chris Hill, along with analysts Austin Smith and Joe Magyer, discusses the top business and investing stories.
In today's edition, the analysts discuss how News Corp. (NASDAQ:FOX) is closing down its paid app-only news publication, The Daily, after less than two years of a run, and shifting the 100 employees on staff elsewhere. We hear about why our analysts knew that this was doomed from the start, and why News Corp.'s approach reflects a lack of admission of the reality: that the old model of a news company doesn't work today.
Also, Netflix (NASDAQ:NFLX) jumped on word that it had struck a deal with Disney (NYSE:DIS) to have the rights to show Disney movies shortly after they finish their theatrical run. Is this a major game changer for Netflix? Or was the market excitement all over the headline itself?