Chapter 380 Should Newsweek buy it?
News Weekly is the weekly magazine that has won the most honors for its excellent reviews in the United States. It is one of the three major American weekly magazines. It is a news weekly published in New York and published in the United States and Canada.
Newsweek is often seen as having a more free view than Time and more conservative view than American News and World Report.
Andy walked out of the lounge with a smiling Pete Kaplan and Jon Micham with a wry smile and slowly walked towards the hall downstairs.
"Andy, to be honest, the industry is a joke when you acquired the New York Observer newspaper, which had been losing money for many years. After all, you are too young, but now, not only does it turn losses into profits, but also has explosive growth in circulation. I heard that you are also preparing to create a daily newspaper. Recently, there have been many regional xing newspapers acquired by you. It's amazing!" Jon Micham looked at the corners of his mouth with a calm and confident smile and exclaimed.
"Haha, this is not my credit. Although I also know some media industry, there is no way to compare with you seniors. I can only say that Pitt does a good job. I just leave professional things to professionals. Since I don't understand, don't interfere. Just give Pitt enough rights. The daily work is Pitt doing it, which is Pitt's always dream, haha."
Andy's eyes flashed with bright light, and the smile on his face became even brighter. As he said, it made Pete laugh and waved his hand to be modest, but it made Jon Micham feel complicated and envious and jealous words, and looked at Jon's expression change meaningfully.
"In our domestic media, liberals dominate, both the left and right, and only your newspapers have remained impartial for more than ten years. This kind of persistence is rare, especially after you take over, everyone thought that the Observer's position would change, but a money laundering report shocked everyone's chin. To be honest, with a boss like you, Pete is so happy!" Jon Micham smiled on his face, and he flattered Andy without a trace.
"Haha, Jon, I agree with you very much. I am indeed very lucky. I heard that your weekly boss started withdrawing funds last year? Alas, the market is in a downturn, and debt losses are inevitable. I saw reports that you will lose 40 million in the next two years. However, this should not be a big problem for you. After all, an old newspaper with a history of more than 70 years is now."
Pete Kaplan looked at Jon Micham with deep meaning, and sneered from time to time in his heart. He was an enemy and had dealt with many things before. Although he didn't know that the proverb of the Rabbit Kingdom was either dedicated to the stolen prostitute, it felt a bit strange if an outsider flattered his boss like this. He couldn't just want to change jobs, Damn, he was going to compete with him for a job.
Jon Micham's face turned a little ugly, but he still suppressed his embarrassment and smiled awkwardly. Looking at Andy Smith, who had a charming smile on his handsome face, couldn't help but sigh inwardly.
To be honest, in addition to participating in this so-called alliance, he also wanted to find a next home when he came to this banquet. Newsweek's current boss did indeed withdraw large amounts of funds last year, and now the newspaper is responsible for its own profits and losses. Since reporting the prison abuse incident, they have been suppressed in Washington. The paper media has been in a recession and have been losing money for two consecutive years. The boss has planned to get rid of this money-losing guy.
The 315 million bank loans, with a severe loss of US$10 million each year, are the shrinking paper media market. The only advantage is News Weekly, a world-renowned brand, and more than 70 years of newspaper publishing history.
But there are really few people who are willing to spend money to take over this mess. Since the beginning of this year, the US economy has been incomprehensible. The stock market has been rising and falling, the real estate market has been turbulent, and some large banks have also strangely tightened the issuance of commercial loans.
Originally, Jon Micham was placing his hopes on some large groups, but when he came, he saw that in addition to Murdoch, there were also several mid-sized newspaper owners, most of the people who came were editors of some newspapers, which disappointed him.
However, after the arrival of Andy, who was late, he saw hope again. This young man is not only a billionaire who is not short of money, but also interested in the media. The newspaper he acquired turned losses into profits and rose up. Isn’t this a great buyer?
Looking at Pit Kaplan with hostile eyes and a look of caution, Jon couldn't help but smile bitterly. He knew that it was basically a delusion to fool the young billionaire in front of such an industry insider. He said helplessly: "Let me tell me, Mr. Smith, are you interested in buying Newsweek?"
Andy's figure was slightly stagnant, standing on the stairs, her smile still did not dissipate. She looked at Jon Micham slightly, showing her white teeth and smiled, "Oh? Are you looking for a buyer? What price?"
"Fifty million US dollars!" Jon Micham gritted his teeth and said the low price of his boss.
"Boss..." Pete Kaplan wanted to stop him with an anxious look on his face. To be honest, he was really worried that his boss, who was not short of money, agreed immediately. "News Weekly" seemed to be a piece of fat, but in fact it was definitely a piece of rotten meat. It was a huge pit. If you spend money to buy a money-losing product, you will definitely be disgusted to death. The brand and fame are indeed very advantageous, but if you can't eat it, it's just garbage.
The most important thing is that News Weekly is definitely at the forefront of the White House blacklist. Zipper Dun, 911 and other things have simply sprayed the White House into a sieve. If Washington doesn't suppress them to death, it will be a ghost.
Andy's lips moved, smiling lightly, and continued to walk downstairs, leaving a word that made Jon Micham see a glimmer of hope, "It's too expensive..."
"Mr. Smith, we can negotiate the price. Are you really interested in acquiring it?" Jon Micham asked with an excited expression on his face.
Andy glanced at him, shook his head and smiled, and happened to see Blake Lively and Lidon Mester two women walking towards him with a glass of champagne.
"Have the matter been done?" Blake Lively smiled sweetly, naturally putting Andy's arm on, and Liton also occupied the other side.
"Well, I'm done, come and introduce it to you. This is Jon Micham, the editor-in-chief of Newsweek. These two beauties are my Queen Blake Lively in Gossip Girls, and Queen Lidon Mester..."
Andy helped the three of them to introduce them and chatted for a few words, as if she had forgotten the topic just now. Jon Micham could only chat without a word, hoping to get Andy's answer.
To be honest, there were many people who wanted to know Andy at the banquet. After all, as the newly-produced newspaper leader, it is normal for the youngest billionaire to attract attention. The two young queens also met many people with Andy and received a lot of polite praise, which made them smile even brighter. Although they also knew that they were benefiting from Andy, otherwise, how could these celebrities care about the two young actors?
On the other side, Pete Kaplan narrowed his eyes and looked at Jon Micham who was a little absent-minded. After a brief silence, Pete spoke: "Jon, everyone knows the situation of your newspaper, 50 million, haha, it seems delicious, but it is also hard to swallow!"
"Haha." Jon smiled faintly. He could flatter Andy, but he didn't care about Pitt Kaplan. Everyone is in the same industry. He also knew that Pitt's ability was even worse than himself. "Peter, 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 with Newsweek, Observer is just a baby. Do you think a smart person like Mr. Smith will not be moved by it?"
"Is that right? But Jon, don't forget that your newspaper's debts and a huge number of employees, I believe anyone will not want to face your employee union. History can not only bring background, but also synonymous with trouble! Do you owe the bank 200 million or 300 million? I think that the debt is 50 million, and it takes a weekly magazine that has been suppressed by Washington. It takes a lot of courage!" Peter Kaplan sneered in his heart, with a faint smile on his face, and he didn't care about Jon's expression becoming a little ugly, and said tit-for-tat.
Well, my colleagues are enemies.
Chapter completed!