American Fortune Life
Chapter 380: Buy Newsweek?
"News Weekly" is the weekly magazine that has won the most honors for its excellent reviews in American Current Affairs Magazine. It is one of the three major weekly magazines in the United States. It is a news weekly magazine published in New York and distributed in the United States and Canada.
Newsweek is often seen as more free-viewing than Time and more conservative than U.S. News and World Report.
Andy walked out of the lounge with a smile on Pete Kaplan and a bitter smile, Jon Mitcham, and walked slowly down the hall.
"Andy, to be honest, when you bought the New York Observer newspaper, which has been losing money for years, the industry was a joke. After all, you are too young. Look at the current situation. I heard that you are also planning to create a daily newspaper, but recently, many regional Xing newspapers have been acquired by you, which is really amazing! "Jon Mitcham looked at the corners of his mouth with sighs, with a calm and confident smile. Dea exclaimed.
"Oh, this is not my credit. Although I also know some media industries, I ca n’t compare with you veterans. I can only say that Pete did a good job, and I just handed in professional matters. It ’s just for professional people. Since you do n’t understand, do n’t step in. Give Pete enough rights. The daily thing is that Pete is doing it. This is Pete ’s dream.
A bright light flashed in Andy's eyes, and the smile on his face was even brighter, saying that Pete laughed and waved modestly, but made Jon Mitcham's mood complicated, envious words of envy, and took a deeper look Jon's expression changed.
"In our domestic media, the liberals dominate. They are non-left and right, and your newspaper has remained unbiased for more than a decade. This kind of persistence is hard to come by, especially after you became a member. "The position will change, but a money laundering report shocked everyone's chin. To be honest, Pete is so happy to have such a boss!" Jon Mitcham smiled on his face, leaving no trace. Slap Andy.
"Haha, Jon, I agree with you very much. I am indeed very lucky. I heard that the boss of your weekly magazine started to withdraw funds last year? Hey, the market is down, and debt losses are inevitable. I saw reports Say, you will reach a loss of 40 million in the next two years, but this should not be a big problem for you, after all, the old newspaper with a history of more than 70 years.
If Pete Kaplan had a deep look at Jon Mitcham, he sneered from time to time, his companion was an enemy, and the two had not dealt with it before, although he did not know that the rabbit country had nothing to do, and he would steal the proverb. However, it is strange that an outsider is making such a flattery of his own boss. He wouldn't want to jump ship, Nima, this is to grab a job with himself.
Jon Mitcham's face turned a little ugly, but he still managed to embarrass him, smiled awkwardly, and looked still without any expression changes. Andy Smith with a charming smile on his handsome face couldn't help sighing. Tone.
To be honest, this time he came to this banquet, in addition to participating in the so-called alliance, and then looking for a next home, the current boss of "Newsweek" did draw a large amount of funds last year, and now the newspaper is self-financing, since reporting After the prisoner abuse incident, they ushered in the suppression of Washington. The sluggishness of the paper media has been losing money for two consecutive years, and the boss has the intention to dump the money-losing goods.
The 315 million bank loans, with a severe loss of 10 million US dollars each year, the shrinking paper media market, the only advantages are Newsweek, a world-renowned 500 brand, and a history of more than 70 years.
However, few people are really willing to take over this mess. Since the beginning of this year, the American economy has made people hard to understand. The stock market has gone up and down, the real estate market has been erratic, and some large banks have also strangely tightened the issuance of commercial loans. .
Originally Jon Mitcham had pinned his hopes on some large groups, but came to see that, in addition to Murdoch and the owners of several medium-sized newspapers, most of them came from the editor-in-chief of some newspapers. He was disappointed.
However, after the late arrival of Andy, he regained hope. This young man is not only a billionaire who is not bad at money, but also interested in the media. A newspaper company acquired has turned a profit and rose. Isn't this a great buyer!
Looking at hostility, with a look out of Pit Kaplan, who was embarrassed, Jon couldn't help smiling, knowing that the billionaire who wanted to be young in the industry was basically wishful thinking, and said helplessly: "I can tell you, Smith Sir, are you interested in buying Newsweek? "
Andy walked down slightly, standing on the stairs, and the smile on his face still remained. He looked at Jon Mitcham slightly, his white teeth grinning, "Oh? You want to find Buyer? What price? "
"50 million US dollars!" Jon Mitcham gritted his teeth and said the low price of his boss.
"Boss ..." Pete Kaplan looked anxiously trying to stop, and to be honest, he was really worried that his boss, who was not bad at money, promised in one go. "Newsweek" seems to be a piece of fat, but it is definitely a piece of carrion. Ju Hang, spend money to buy a money-losing goods, can definitely be disgusting, the brand, reputation is indeed very advantageous, but can not be eaten is garbage.
The main thing is that "Newsweek" is absolutely on the top of the White House blacklist. Zipper, 911 and other things have sprayed the White House into a sieve. Washington doesn't suppress them to death.
Andy moved the corner of his mouth and smiled lightly, and continued to walk downstairs, leaving a word of hope that Jon Mitcham saw, "Too expensive ..."
"Mr. Smith, we can talk about the price. Are you really interested in buying?" Jon Mitcham hurried two steps and asked with an excited expression on his face.
Andy glanced at him, shook his head and smiled, just to see the two women, Blake Lively and Litton Meister, walking towards themselves with a glass of champagne.
"Are things done?" Blake Lively smiled sweetly, and naturally carried Andy's arm, and Litton occupied the other side as well.
"Well, after it's done, come and introduce to you, this is the editor-in-chief of Newsweek, Jon Mitcham, these two beauties are my s queen, Blake Clive, and queen, Litton. Meister ... "
Andy helped the three to introduce them and talked for a few words. It seemed that they had forgotten the topic just now. Jon Mitcham could only chat with each other without a word, hoping to get a reply from Andy.
To be honest, there were many people who wanted to know Andy at the banquet. After all, as the head of a new newspaper, it is normal for the youngest billionaire to be noticed. Two young queens also met with Andy. A lot of people and a lot of polite praises made them smile brighter, although they also knew that they benefited from following Andy, otherwise, how did these celebrities care about the two young actor.
On the other side, Pete Kaplan looked at Jon Mitcham, who had no snacks, and after a brief silence, Pete said, "Jon, the situation in your newspaper, everyone knows, 50 million, haha, it looks like It's delicious, but it's hard to swallow! "
"Ha ha." Jon's mouth smiled slightly. He could slap Andy, but he didn't care about Pete Kaplan. Everyone was an industry. He knew that Pete was a little worse than himself. You should know the influence of Newsweek itself. This is irresistible to anyone who is interested in getting involved in the media industry. I admit that Observer has done a good job recently, but you have to know that compared to Newsweek, Observer "It's just a baby. Do you think a smart person like Mr. Smith wouldn't mind it?"
"Really? But Jon, don't forget, your newspaper's debts and huge number of employees, I believe that anyone will not want to face your staff union. History not only brings heritage, but also synonymous with trouble! 200 million or 300 million owed to the bank? I think it would take 50 million dollars to take over a weekly magazine that was suppressed by Washington. It took a lot of courage! Smile, did not care about Jon's expression that became a little ugly, confronting each other.
Well, peers are enemies.