Chapter 940 Gannett Newspaper Group
The two arrived in Washington by plane, and the next day they took a plane to the small town of Roslin, Virginia.
They met the newspaper's founder, Alan Newhas, at the headquarters of USA Today, who is also the CEO and president of the Gannett group and was nominated as the next chairman of the group's board of directors.
Lin Johnson wants to take the initiative in public opinion, and he is now the most convenient way to start from newspapers and media, so America Today, which has become the second largest number of newspapers in the United States in just five years, has attracted his attention.
Several people visited the headquarters of USA Today, which was the first newspaper and paper media to spread news to the public in the form of colorful pictures and texts. It was also it that truly ushered in the "photo reading era".
"USA Today" breaks the traditional shackles of newspapers with large-page color printing and large pictures, illustrations, data analysis, etc., and brings a subversive change to the American media.
But such a huge change, contrary to the rules, means not being accepted by traditional forces. The emergence of this newspaper was also ridiculed by the industry and business circles. Even the famous investment expert Buffett was not optimistic about the newspaper and mocked it. There was even an indecent nickname of McDonald's tabloid.
However, the intention of this newspaper is very clear and firm. It not only impressed the people of the new era with its large color images and novel designs, but also won wide applause and welcome.
In addition, the founders also insist on opening newspapers with a bright and positive attitude. The reports of USA Today are usually based on positive and positive content, which caters to the mood of most publics who like positive energy.
It eliminates some negative comments and reports, allowing viewers to feel happy, happy, relaxed and have a positive attitude towards life. Therefore, in the eyes of the public, "USA Today" is a pleasing newspaper, and it is not surprising that it has been continuously welcomed.
Of course, this is contrary to the purpose of the newspaper and has been judged by many industry insiders, but USA Today has achieved continuous success in a way that they cannot understand. Since its establishment in 1982, its sales have doubled year by year, and have firmly become the second largest newspaper in the United States this year!
In the conference room, Alan Newhas was a little confused about Johnson Lin's visit. After a few people exchanged greetings, he directly asked Johnson Lin: "Mr. Lin, I would like to ask, what is the purpose of your visit this time?"
After receiving the news that Johnson Lin was about to visit, Newhas also asked his subordinates to learn about the rich man.
Only then did he realize that there was some disputes between Johnson Lin and Murdoch of News Corporation recently, but he was very confused in Newhaas. "USA Today" or other media in the Gannett group did not pay much attention to the storm, and even had a neutral report on Johnson Lin, and there was no intersection between the two sides. He was very surprised why this young man suddenly came to visit.
His most likely guess is that the other party wants to cooperate with USA Today to hit Murdoch's News Corp. Because in some ways, News Corp., which acquired the New York Post, is also a competitor of the Gannett group.
Seeing that the other party was so direct, Lin Johnson said: "I am very interested in the newspaper "USA Today", but as far as I know, although your sales volume is very considerable, the company is still in a loss."
This is no secret. It requires a lot of expenses to start a colorful newspaper. Although the US Today is a high-volume, it is the result of continuous expansion and the expenses are very large.
Lin Johnson told Newhaas: "I think with my financial support, "USA Today" will definitely expand faster, spread throughout North America, and even expand in Europe. I want to invest in this newspaper and invest in "USA Today"!"
"What?" Newhas and others looked at Lin Johnson in surprise, then looked at each other. The other party's proposal was ridiculous. They would never agree to invest in "US Today".
Newhas said to Johnson Lin: "Mr. Lin, I think you don't understand the Gannett group!"
He said: "From the beginning of its establishment, we have determined the acquisition-oriented exhibition strategy. In 1906, Frank Gannett and his partners invested half of the assets of a newspaper. It was not until 1966 that we founded our first newspaper, Florida Today. Now the Gannett group has more than 60 local American newspapers and magazines in its hands. We will not give up any newspaper, let alone USA Today!"
Lin Johnson nodded and said, "Of course I know the strength of the Gannett newspaper group. You are the second largest newspaper group in the United States!"
But then he poured cold water on Newhas and others present and said, "But, Murdoch's News Group is closely behind you, and is expected to pass the Gannett group. I think the competition between you is not easy!
Murdoch had amazing financial operation capabilities, and in 1984 he bought Twentieth Century Fox Films, which is now the most popular media tycoon. He acquired well-performing newspapers and media with precise eyes and expanded his empire territory.
The development strategies of your two media companies are similar, but now Murdoch is ambitiously expanding in the United States. Are you Gannett's group watching this competitor grow stronger day by day?”
Newhas hesitated for a moment and said, "However, USA Today is the first national daily newspaper in the United States. Although it is in a loss state, it is very important to Gannett. We have no intention of selling the shares!"
Seeing that it was impossible to continue talking today, Lin Qiangsheng smiled and said, "There is nothing that cannot be sold. I think we will cooperate in the future!" He stood up, nodded to everyone present, and then walked out of the conference room without looking back.
Newhas looked at his back in confusion and said to his subordinates gloomy: "It's a mistake that Murdoch had gotten into this unspoken guy!"
His deputy nodded at the same time. It was not that everyone was afraid of Lin Johnson, but that this guy was overly young. For example, a few years ago he boasted that he would predict the collapse of the Soviet Union, and now he dared to tease Murdoch. Who knows what he will do in the future, so it would be better not to mess with him.
Walking out of the headquarters of "USA Today" and getting into the car, Lin Johnson calmed down his smile and a little depressed.
Esther, who was driving the car, asked inexplicably: "You gave up like that?"
Lin Qiangsheng rubbed his forehead and said, "Yes, I can't help if I don't sell it now."
Then he smiled and said relaxedly: "However, I expected that the Gannett group would encounter trouble in a few months. At that time, I would directly acquire the shares circulating in the market of this company. As long as I have 10% in my hand, I would become their major shareholder. At that time, I would be more sure of my words. At that time, "USA Today" was also a treasure, hahaha."
Esther said strangely: "Straight to acquire shares of Gannett's group? How is that possible? It's a big company with billions of dollars in output. Will Gannett be in trouble in a few months? How do you know?"
Lin Johnson shook his head and said mysteriously: "Keep confidential, I can't disclose it yet!"
Esther glanced at him, turned around and glanced at the rearview mirror inadvertently, then looked again, and gave oil under his feet, lifting the car's leap.
Lin Qiangsheng looked out the window, but he remembered that in his mind, he remembered that there would be a stock market crash that swept the world in October 1987. That day happened to be Monday, so this stock market crash was also called "Black Monday".
On Monday, January 19, 1987, the New York stock market on Wall Street saw a stock plunge, exploding the biggest collapse in history.
In this stock market crash, the Dow Jones Index fell 5o8.32 points in just one day, a drop of 22.6%, setting the highest single-day decline since 1941.
Within 6.5 hours, the New York stock index lost $500 million, which is worth 1/8 of the US GDP for the whole year.
This stock market crash also shocked the entire financial world, and soon produced a "domino" effect in the global stock market. Stock markets in London, Frankfurt, Tokyo, Sydney, Hong Kong, Singapore and other places were all strongly impacted, with stocks falling by as much as 10%.
This stock market crash also caused great panic among shareholders from various countries, "everything has lost control," the New York Times reported.
During the stock market crash, many millionaires became poor overnight. Due to the sharp drop in stock prices, the psychology of investors became extremely fragile. Many people who were unable to bear the heavy pressure of debt due to the stock market plummeting, and the news of suicide was constantly heard.
However, although this stock market crash came violently, economists analyzed that its impact on the US economy was not obvious, and its damage was limited to the stock market, and its recovery was relatively fast.
Of course, Lin Qiang-Chengsheng wanted to make a big profit by taking advantage of the stock market crash, such as shorting stock index futures. After the stock market crash, he absorbed stocks of companies with plunge, such as Gannett Press Group. At that time, Gannett would really beg him to let them go.
Of course, Johnson Lin not only focused on Gannett, but also was very interested in some listed companies in the consumer goods field.
"This is an opportunity to make a lot of money!" Lin Johnson laughed secretly when he thought of this. He didn't notice that Esther had driven the car very high, and suddenly a turn almost hit his head.
"What are you doing!" Lin Qiangsheng said angrily.
Esther took out a pistol from under the seat and threw it to Johnson Lin, saying, "Hold it, there is a car behind us!"
"Hmm?" Lin Johnson looked back in surprise. There was a black sedan following closely behind. At this time, the other party also turned around, and the wheels made a huge harsh sound. The other party obviously did not come to see him off with a friendly farewell. (To be continued.)8
Chapter completed!