The following video is from Wednesday's MarketFoolery podcast, in which host Chris Hill, as well as analysts Austin Smith and Eric Bleeker discuss the top business and investing stories of the day.

NewsCorp (NASDAQ:FOXA) is launching a Fox Sports channel to compete with Disney's (NYSE:DIS) ESPN. In this installment of MarketFoolery, our analysts talk about the competition between the two media giants.

The relevant video segment can be found between 8:55 and 11:38.

For the full video of today's MarketFoolery, click here.