This is the first time that US President O'Guanhai attended this dinner during his tenure. According to convention, O'Guanhai was crazy about shaking jokes, telling jokes, sarcastic politicians, complaining about the media, and showing American humor at this "White House Crosstalk Conference".

He complained that Xipo, who returned from Mexico where influenza A, gave him a warm gift, complained that his child was locked up for taking photos from Air Force One, complained that the vice president rushed around like his first dog, and boasted about the political achievements he had made after becoming president...

It has to be said that as the president of the United States, we must know how to use wisdom and humor to resolve all kinds of embarrassing scenes on the international and domestic stages. The textbook-like American humor presented by Ao Guanhai makes the whole dinner laugh continuously.

Americans like to talk about humor, which is related to politics. It can be said that all the presidents of the United States have all been experts in speech and masters of jokes. Needless to mention the recognized Aoguanhai, the zipper was paused, and even the less humorous little flying shoes have mastered good kung fu in the president's "post".

"...Your job is to inform the public and pursue the truth. At this moment of our party tonight, our country and the world are facing extraordinary challenges. News is also a truly difficult time.

Like many other industries in this era of globalization, you have seen the changes that have swept through, technology and communications, which have led to a sense of uncertainty and anxiety about the future. There are extraordinary, hard-working journalists all over the country. In recent days, in recent weeks, in recent months, and in recent months, I know every newspaper and media channel is struggling with how to deal with these changes. Some are struggling and keeping operations. It will not be easy. Not every ending will be happy unless you are the newspapers that Andy Smith likes...haha."

"Ha ha……"

Ao Guanhai couldn't help laughing, showing his big white teeth, which caused the audience to applaud and kind-hearted laughter. The camera shot fell on Andy's face, who was shaking his head because of the joke. Ivana even laughed so hard that her pretty face was full of pride and happiness.

This is a meme known throughout the United States. Andy Smith has never stopped acquiring newspapers, and several newspapers have benefited a lot from it. However, recently, Warren Buffett has publicly criticized the newspaper industry, indicating that the newspaper industry has no value for acquisitions, which has made many good people think that this is strong evidence of the hostility between Andy and Buffett.

"Haha...but this is also true."

hehe……

Ao Guanhai's words caused a chuckle again, but many people in the media industry looked at Andy Smith with a hint of hope. After all, the media industry is really not easy. Being able to hold the new world's richest man is definitely a great thing that will wake up laughing in your dreams. You should know that the super rich man who is not short of money and is interested in traditional paper media is really not a person except Murdoch.

"...Your final success as an industry is a must for our cooking success, and it guarantees our system operation. Thomas Jefferson once said that if he had to choose between a government without newspapers and a newspaper without government, he would choose the latter without hesitation. Obviously, Thomas would never compete with the cable news station..."

Along with the chuckles of the guests, Ao Guanhai continued: "But his central point is a government without newspapers, a government without all kinds of indomitable and full of vitality, is not the choice of the United States of America."

Papa

The audience burst into applause. Ao Guanhai looked around for a week, paused for a moment, and continued, "so... Andy, you should buy more newspapers."

"Hahaha……"

The audience burst into laughter again, and Andy could only shake his head and laugh again. Many people were not surprised by Andy's continuous jokes. After all, the relationship between Andy and Aoguanhai is not a secret.

Although Aoguanhai's words sound very good and give the media industry a great face, it only satisfies the vanity of the media industry present without any substantial help. But the reality is that in the negative economic news that followed, there are news that newspapers had to stop printing and change to online media due to losses, and even closed down.

American newspaper giants such as the San Francisco Chronicle and the Chicago Tribune are all facing fiscal crises. These newspaper groups all say they may follow the footsteps of the City Daily in Denver and Seattle and are forced to close. Like the overall economy, the golden age of American paper media is gone.

Under such an urgent reality, during the entire reporter's dinner, American media elites were undoubtedly full of hopes and ideas for Andy Smith's big funder. In the later stages of the dinner, Andy had never been quiet around him.

"The challenges faced by newspapers are the result of many factors, including changes in the advertising environment. At the same time, the economic recession has obviously had an impact on all traditional media." Andy said calmly in the face of Bennett, senior vice president of the American Press Association. "For many newspapers, the next year will be the most critical period. Perhaps, some newspapers will definitely no longer exist during this period."

Regarding Andy's almost cold prediction, Bennett also shook his head with a bitter face and admitted: "The recession of the US economy has caused the largest decline in advertising revenue in American newspapers since the Great Depression. In the first quarter of this year, advertising revenue in some newspapers will fall by 30%.

What the US newspaper industry needs most now is traditional advertisers to resume advertising spending. If newspapers experience a 15% to 20% revenue decline in 3 consecutive years, 4 or even 5 years, they will go bankrupt. No industry can continue to survive in this situation.

I sincerely hope that if the economy starts to stabilize, newspaper advertising revenue will also start to stabilize. After cutting costs, newspapers may break even and even make profits. But at the moment this is just an expectation."

Donald Graham, chairman and CEO of the Washington Post, who accompanied Bennett to chat with Andy, listened to the conversation between the two, his face slightly darkened, but he quickly covered it up, but he was also extremely bitter in his heart.

In the past two years, like other traditional media, the Washington Post has failed to escape the financial tsunami.

At the same time, the rise of the Internet and the transformation of digital technology have caused the media industry to be deeply reshuffled. With the loss of readers and advertisers and the decline in advertising revenue, the Washington Post can be said to be struggling to support it. In the first quarter of this year, the Washington Post lost more than 40 million US dollars, not to mention the losses of more than 200 million US dollars last year.

Faced with huge losses, despite all the efforts in networking, the Washington Post still firmly believes in dogma and believes that the best strategy is to attract the most readers, whether paid or not. However, family members gradually realized that they were powerless to save the newspaper, and at the same time, the interests were damaged, which also caused some different voices to appear within the family, believing that since they could not maintain the position of the Washington Post as a great newspaper for a long time, they went to find people who could do this.

As the head of the family, Donald Graham was naturally very angry and dissatisfied when he heard this voice, but he really had no better way to turn losses into profits. Whether it was to increase revenue and reduce expenditure or large-scale layoffs, before the general trend of paper media decline, these methods were just temporary measures to quench thirst. Instead, they would continue to die slowly in self-defeat.

Seeing Andy Smith, who was worried and dissatisfied with the losses caused by the newspapers he acquired from the beginning and the end, Donald Graham couldn't help but flashed his eyes.
Chapter completed!