"Ahem... John, don't be excited and calm down. Are we discussing this? Don't talk anger, how can the newspaper leave you?"

Eddie showed an ugly smile on her face than crying, stood up, pulled the editor-in-chief John back, held the other person's shoulder and pressed him in the seat, and then looked around with a wry smile.

"I know you are very dissatisfied with what happened in the newspaper recently, but what can I do? Now the parent company has a debt of 12.9 billion yuan and cannot repay the debt at all. The bankruptcy application is a sure thing. In order to repay the debt, the parent company can now come up with any method..."

"There's no way? Didn't Andy Smith submit the acquisition letter? Since he is so short of money, why don't he agree? If he sells it now, he is still valuable. Don't wait to die before trying to sell it, but I don't know what the price is!" Editor-in-chief John was determined to explode today. Seeing his subordinates being driven away in batches, he couldn't suppress his anger.

As soon as he finished speaking, the originally silent conference room immediately became a lot of discussion and noisy. Looking at the whispering people, Eddie also smiled helplessly. He also wanted Andy Smith, who was not short of money, to be his boss. However, the board of directors of the parent company was not consistent, and the quarrels over this matter, and in the end, no result was achieved.

"According to the news I have received, the Miami Herald has reached a transaction agreement with Andy Smith. The transaction price is around 300 million yuan. The contract will be signed soon..." Executive editor Dean said the news he had received before at the meeting, which caused greater discussion. Almost everyone showed an envious expression on their faces, envious of the Miami Herald newspaper.

"Holding newspapers does not bring great rewards. As a successful genius, Andy Smith definitely knows that newspapers will not be as profitable as they were decades ago. Profits are low now and will get lower and lower.

But why did he continue to acquire the declining newspapers?" Editor-in-chief John calmed down at this time, frowned and raised his voice, and immediately suppressed the discussion in the conference room.

"I have been thinking about this issue. Although from an economic perspective, newspapers may no longer be the ideal investment target, for some wealthy people, investing in influential traditional print media is expected to gain a huge reputation.

Moreover, I even think that the survival of the newspaper industry in the 1930s and 1940s will occur in the future. Large investors and large companies will regard the newspaper industry as part of their philanthropy.

If the Los Angeles Times is in Andy Smith's hands, he will hold it for a long time and invest money to make the newspaper stronger. Look at the Newsweek, which he bought for $1, and the New York Observer, which one has not received his financial support?

Even the British "Du Libao" and "Standard" almost resurrected in his hands. Everyone knows that a new issue of "Du Libao" cost 1 million pounds just to promote it. Have you seen such a huge amount of money in recent years?"

The words of editor-in-chief John made the newspaper executives in the conference room fall into deep thought. As we all know, according to the editor-in-chief's personality and habits, he has not finished speaking. Sure enough, it is as everyone thought.

"Some people are thinking of using big newspapers as ‘ATMs’ and applying the unrealistic idea that caused the housing loan market to fall into crisis in the media industry. Haha, this blind idea can be roughly summarized as what he believes, a good year will never end, and asset value will continue to rise.

Not to mention being in a financial crisis, even in the face of a big economic situation, a leveraged acquisition of tens of billions of dollars is considered crazy gambling.

The debt is US$12.9 billion, and the ratio of debt to various income exceeds more than ten times. For media companies that rely on advertising revenue, this debt ratio is undoubtedly very heavy, because advertising revenue always fluctuates with the economic situation. For industries such as newspapers and other industries that are facing a long-term downward trend, this is simply a disaster!"

eo Eddie heard that the corners of his mouth were twitching, and his heart was filled with the editor-in-chief John, Damn, it was indeed a 13-character who won 13 Pulitzer Prizes for News. He praised people and killed them, and even stepped on people.

However, the other party's argument was undoubtedly very convincing. Just look at the expressions on the faces of everyone in the conference room, you can tell that these guys could have escaped from the forum company one day earlier and snatched Andy Smith's golden tui.

As the publisher and CEO of the Los Angeles Times, Eddie is still very capable. He hopes for a rich man "dad" than anyone else, but when he encounters a parent company that is going to file for bankruptcy, he can only accept it. He knows that he has been greeted by many people for two consecutive major layoffs.

After realizing that the atmosphere in the conference room suddenly became a little weird, everyone's eyes looked at him were a little more meaningful, as if they were examining his position as EO.

A sudden burst in his heart, but the expression on Eddie's face did not change, but his eyes narrowed, and he made up a certain determination. He suddenly spoke to a person beside him: "Topkins, our newspaper's pension debt has reached 50 million US dollars. After this bankruptcy application, it may..."

As the head of the newspaper union, Tompkins is definitely the most popular one in the newspaper. Not only did he usher in two "big purges" in four months, but the laid off employees also complained every day, but the more important thing is the surge in pension debt, the bankruptcy application of the parent company, and the newspaper's continuous reduction of funds, which makes people very worried about the issue of pension payment.

"brush!"

Everyone in the conference room looked at Tompkins in unison. None of the people present was an idiot. Naturally, they heard the meaning of fanning the flames in EO Eddie's words. Tompkins, as the union leader, is not a fool. However, he didn't care whether Eddie was using him at all. Anyway, he was originally elected to sing a stage show with newspaper owners.

"It is about pensions, and the union will ignore them. In this economic environment, debts have surged and the parent company has serious debts. With such high pension liabilities, the parent company must provide a solution and cannot pass on the risks to us!"

"The head office has no money to pay off our debts. Haha, they wish they didn't even pay their wages." A sudden sneer rang, but no one cared. Everyone knows that someone was adding firewood again.

"Not solved it? Haha." Tompkins stood up with a sneer, ignoring the strange expressions on everyone's faces, and slapped the table.

"Then let's go on strike!"

All the participants kept silent about the content of this closed-door meeting. However, the newspaper still discovered some strange changes, and the entire newspaper atmosphere seemed to suddenly become depressed. Only those executives knew that a storm that concerns the newspaper's future had begun to brew!

Just landed at Kennedy Airport in New York, and was in love with Ivana. Andy, who was driving to his home in the Upper East Side of Manhattan, didn't know that a group of people were holding their breath to hold his Jin Datui and preparing to make trouble. 8)
Chapter completed!