American Fortune Life

"Ahem ... John, don't get excited, let's calm down, aren't we talking about it? Don't be jealous, how can the newspaper leave you."

Ceo Eddie had a smile that was uglier than crying, stood up, pulled the editor John back, held the other's shoulder to press him to the seat, and looked around with a bitter smile.

"I know that 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, and it is not debt at all. The bankruptcy application is affirmative. In order to repay the debt, the parent What the company can think of now ... "

"No way? Didn't Andy Smith submit the acquisition letter? Since there is so little money, why not agree to sell it now, it will be worth it if you sell it now. Don't wait to play and then want to sell it, but you don't know what the price is! "The editor-in-chief John was so eager to break out today, watching his men being driven away in batches, he couldn't hold back his anger.

His voice had just fallen, and in the deadly conference room, it immediately became annoying, noisy, and looking at the whispering crowd, ceo Eddie also laughed helplessly, why didn't he want to make Andy Smith, who was not bad money, his boss? However, the opinions of the board of directors of the parent company were not uniform, and because of this, the matter was so noisy that it did not produce a result in the end.

"According to the information I have received, the Miami Herald has reached a deal with Andy Smith with a transaction price of about 300 million, and will soon sign a contract ..." Executive Editor Dean said at the meeting that the information received before When it came out, it aroused even greater debate, with an envious expression on almost everyone's face, envious of the Miami Herald newspaper.

"Owning a newspaper doesn't bring big returns. As a successful genius, Andy Smith knows absolutely that newspapers won't be as profitable as they were decades ago. Profits are now low and getting lower.

But why does he keep buying newspapers that are already declining? The editor-in-chief also 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 newspapers may not be the most ideal investment target from an economic perspective, for some rich people, investing in influential traditional paper media is expected to gain huge popularity.

Moreover, I even think that in the future, the living conditions of the newspaper industry in the 1930s and 1940s will appear. Big investors and big companies will use newspapers as part of their charity.

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

Even the British "Du Li Pao" and "Standard Evening News" almost came back to life in his hands. Everyone knows that a new issue of "Du Li Pao" just cost 1 million pounds for its promotion. Have you seen this in recent years? "

The words of the editor-in-chief led the newspaper executives in the conference room into contemplation. Everyone knows that according to the personality and habits of the editor-in-chief, his words have not yet been finished. Sure enough, it is as everyone thinks.

"Some people are thinking of using the big newspaper as a" cash machine "and applying the unrealistic ideas that led to the crisis of the housing loan market to the media industry. Hehe, this kind of blind idea can be roughly In summary, he believes that the good years will never end, and the value of assets will continue to rise.

Not to mention the current financial turmoil, even under the great economic situation, the leveraged buyout of 10 billion US dollars can be regarded as crazy gambling.

The debt was US $ 12.9 billion, and the ratio of debt to various returns exceeded 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, which are facing a long-term downward trend, this is a disaster! "

EO Eddie heard that his mouth was pumping straight, and the editor-in-chief John, Nima, who was talking freely in the heart, was indeed the 13 bulls who won 13 Pulitzer Prizes for the news. A bi.

However, the other party ’s rhetoric is undoubtedly very convincing. Looking at the expressions on the faces of everyone in the conference room, we can see that this group of guys can't wait to get out of the huge pit of the forum company one day earlier to grab the security This is a big gold tui.

As the publisher and CEO of the Los Angeles Times, Eddie's ability is still very strong. He hopes to have a tyrant 'daddy' than anyone else, but when he encounters the parent company that wants to file for bankruptcy, he can only pinch He acknowledged his nose, and he knew that he had been greeted by a lot of people for the female Xing of the family.

After realizing that the atmosphere in the conference room suddenly became a little weird, everyone looked at him with a little more meaning, it seemed that they were examining his eo's position.

There was a sudden burst of emotion in his heart, but there was no change in the expression on Eddie's face. Instead, his eyes fixed, and he made some determination. He said abruptly to a person beside him: "Tompkins, our newspaper's pension Gold debt has reached $ 50 million. After this bankruptcy application, it may ... "

As the leader of the newspaper union, Tompkins is definitely the most popular one in the newspaper. Not only has two "cleansings" been ushered in in four months, but the laid-off employees complain and complain every day. More critical is the surge in pension debt, the bankruptcy application of the parent company, and the constant reduction of funding by newspapers, which makes people very worried about the issue of pension payments.

"brush!"

Everyone in the meeting room looked at Tompkins in unison. None of the people present were idiots. Naturally, I heard the meaning of eo Eddie's words igniting the wind, and Tompkins, the union leader, was not Fool, however, he didn't care if Eddie was using him, anyway, he was supposed to have sung a show against the newspaper holder.

"Under pensions, the union will not ignore it. In this economic environment, the debt has surged and the parent company has serious debt. With such a high pension liability, the parent company must give a solution and not pass on the risk. Give us!"

"How can the head office have money to pay our debts? Oh, they wish they wouldn't even pay their wages." There was a sudden sneer, but no one cared. Everyone knows that this is someone who is adding fuel.

"No solution? Hehe." Tompkins stood up with a sneer, ignoring the weird expression on everyone's face, and snapped the table.

"Then strike!"

The content of this closed-door meeting was silent for all the participants. However, some strange changes were found throughout the newspaper. The atmosphere of the entire newspaper suddenly seemed to have been suppressed. Only those executives knew that a matter related to the future of the newspaper. The storm has begun!

Just landed at JFK Airport in New York, and Ivana and I were there. Andy, who drove to his home in Manhattan's Upper East Side, didn't know that a group of people were holding their breath to prepare for this golden da tui. 8)