Chapter 1298: 1298
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"Cough... John, don't get excited. Calm down. Aren't we talking about it? Don't be angry. How can the newspaper leave you? "
CEO Eddie smiled more than crying, stood up, pulled chief editor John back, held each other's shoulders and pressed him on the seat, 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 it can't pay the debt at all. It's certain to apply for bankruptcy. In order to repay the debt, the parent company can come up with any way
"No way? Didn't Andy Smith deliver the letter? Since you are so short of money, why don't you promise to come down? If you sell now, it's still valuable. Don't wait for the game to die before you want to sell, but you don't know what the price is! " Editor in chief John is determined to break out today. He can't help his anger when he sees his subordinates being driven away.
Just after his words came to an end, in the originally dead conference room, he immediately became noisy and noisy. Looking at the people who were whispering to each other, CEO Eddie also had no choice but to smile bitterly. He didn't want Andy Smith, who was not poor in money, to be his own boss. However, the board of directors of the parent company disagreed with each other, because of the quarrel, and finally no result came out.
"According to the information I have received, the Miami Herald has reached a deal with Andy Smith. The deal price is about 300 million, and a contract will be signed recently..." Dean, the executive editor, said the news in the meeting, which caused more discussion. Almost everyone's face was envious of the Miami Herald.
"Holding newspapers doesn't pay off. As a successful genius, Andy Smith absolutely knows that newspapers are not as profitable as they were decades ago. Now the profit is very low, and it will be lower and lower.
But why does he keep buying declining newspapers? " Editor in chief John also calmed down at this time, frowned raised the voice, immediately suppressed the conference room discussion voice.
"I have been thinking about this issue. Although newspapers may not be the most ideal investment object from an economic point of view, for some rich people, traditional paper media with influential investment is expected to gain great reputation.
Moreover, I even think that in the future, there will be the survival of the times industry in the 1930s and 1940s. Large investors and large companies will take the newspaper industry as part of their philanthropy.
If the Los Angeles Times is in Andy Smith's hands, as long as he needs it, he will hold it for a long time and invest in it to make it stronger. Look at the Newsweek and New York Observer that he bought for $1. Which one is not supported by his funds?
Even Du Li Bao and standard evening news almost came back to life in his hands. As you all know, a new issue of Du Li Bao only cost 1 million pounds to launch and promote. Have you seen such a big hand in recent years? "
Editor in chief John's words made the newspaper executives in the conference room sink into meditation. As we all know, according to the character and habits of the editor in chief, his words have not been finished yet, and as expected, they are also what people think.
"And some people think of big newspapers as" cash machines "and use the unrealistic ideas that lead to the housing loan market falling into crisis in the media industry. Ha ha, this kind of blind idea can be summarized as his idea that a good year will never end and the asset value will continue to rise.
Let alone in the current financial storm, even in a good economic situation, the 10 billion dollar leveraged acquisition is considered a crazy gambling behavior.
The debt is US $12.9 billion, and the ratio of debt to various incomes is more than ten times. For media companies that rely heavily on advertising revenue, this debt ratio is undoubtedly very heavy, because advertising revenue always fluctuates with the economic situation. For newspapers and other industries facing a long-term downward trend, this is a disaster! "
When CEO Eddie heard that it was the corner of his mouth, the editor in chief John NIMA, who was talking with disgust in his heart, was indeed the 13 Niu 13 people who won the Pulitzer news prize. He boasted of his death and stepped on his six Bi.
However, the other side's speech is undoubtedly very persuasive. Just look at the faces of the people in the conference room, we can see that these guys would like to leave the giant pit of the forum company a day earlier to grab Andy Smith's golden Tui.
As the publisher, CEO and Eddie of the Los Angeles Times, he has a strong ability. He wants to have a "father" of a local tyrant better than anyone else. However, when he comes across the parent company that is going to apply for bankruptcy, he can only recognize it with his nose in his hand. He knows that he has been asked about his family's daughter Xing by many people for two consecutive layoffs.
Aware that the atmosphere in the conference room suddenly became a little weird, people looked at him with a little more meaning. It seemed that they were looking at his CEO's position.
Suddenly, Eddie's face didn't change, but his eyes were shining and he made a resolution. Suddenly, he said to one of the people on the other side, "Tompkins, the pension debt of our newspaper has reached 50 million dollars. After this bankruptcy application, maybe..."As the leader of the newspaper trade union Xi, Tompkins is definitely the most popular one in the newspaper. Not only did he have two "big cleanups" in four months, but also the employees who were laid off complained and complained every day. What's more, the surge of pension debt, the bankruptcy application of the parent company and the shrinking funds of the newspaper make people very worried about the issue of pension payment.
"Brush!"
All the people in the conference room looked at Tompkins in unison. None of the people present were idiots. Naturally, they heard the meaning of fanning the flames in CEO Eddie's words. Tompkins, the trade union leader Xi, was not a fool. However, he didn't care whether Eddie was using him or not. Anyway, he was originally recommended to play against the newspaper holders.
"With regard to pension, the labor union will not ignore it. In this economic environment, the debt is soaring and the parent company is heavily indebted. With such a high pension debt, the parent company must provide a solution and cannot pass on the risk to us!"
"The head office doesn't have the money to pay our debts. Ha ha, they wish they didn't even pay our salaries." Suddenly there was a cold laugh, but no one cared. As you know, someone was adding wood.
"No solution? Ha ha. " Tompkins stood up with a sneer, ignoring the strange expressions on their faces, and slapped the table.
"Then strike!"
The contents of the closed door meeting were kept quiet by all the participants. However, some strange changes were found in the newspaper. The atmosphere of the whole newspaper suddenly became depressed. Only those executives knew that a storm concerning the future of the newspaper was brewing!
Just landed at JFK Airport in New York, and 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 get hold of his golden Tui and were going to do something.
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"Cough... John, don't get excited. Calm down. Aren't we talking about it? Don't be angry. How can the newspaper leave you? "
CEO Eddie smiled more than crying, stood up, pulled chief editor John back, held each other's shoulders and pressed him on the seat, 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 it can't pay the debt at all. It's certain to apply for bankruptcy. In order to repay the debt, the parent company can come up with any way
"No way? Didn't Andy Smith deliver the letter? Since you are so short of money, why don't you promise to come down? If you sell now, it's still valuable. Don't wait for the game to die before you want to sell, but you don't know what the price is! " Editor in chief John is determined to break out today. He can't help his anger when he sees his subordinates being driven away.
Just after his words came to an end, in the originally dead conference room, he immediately became noisy and noisy. Looking at the people who were whispering to each other, CEO Eddie also had no choice but to smile bitterly. He didn't want Andy Smith, who was not poor in money, to be his own boss. However, the board of directors of the parent company disagreed with each other, because of the quarrel, and finally no result came out.
"According to the information I have received, the Miami Herald has reached a deal with Andy Smith. The deal price is about 300 million, and a contract will be signed recently..." Dean, the executive editor, said the news in the meeting, which caused more discussion. Almost everyone's face was envious of the Miami Herald.
"Holding newspapers doesn't pay off. As a successful genius, Andy Smith absolutely knows that newspapers are not as profitable as they were decades ago. Now the profit is very low, and it will be lower and lower.
But why does he keep buying declining newspapers? " Editor in chief John also calmed down at this time, frowned raised the voice, immediately suppressed the conference room discussion voice.
"I have been thinking about this issue. Although newspapers may not be the most ideal investment object from an economic point of view, for some rich people, traditional paper media with influential investment is expected to gain great reputation.
Moreover, I even think that in the future, there will be the survival of the times industry in the 1930s and 1940s. Large investors and large companies will take the newspaper industry as part of their philanthropy.
If the Los Angeles Times is in Andy Smith's hands, as long as he needs it, he will hold it for a long time and invest in it to make it stronger. Look at the Newsweek and New York Observer that he bought for $1. Which one is not supported by his funds?
Even Du Li Bao and standard evening news almost came back to life in his hands. As you all know, a new issue of Du Li Bao only cost 1 million pounds to launch and promote. Have you seen such a big hand in recent years? "
Editor in chief John's words made the newspaper executives in the conference room sink into meditation. As we all know, according to the character and habits of the editor in chief, his words have not been finished yet, and as expected, they are also what people think.
"And some people think of big newspapers as" cash machines "and use the unrealistic ideas that lead to the housing loan market falling into crisis in the media industry. Ha ha, this kind of blind idea can be summarized as his idea that a good year will never end and the asset value will continue to rise.
Let alone in the current financial storm, even in a good economic situation, the 10 billion dollar leveraged acquisition is considered a crazy gambling behavior.
The debt is US $12.9 billion, and the ratio of debt to various incomes is more than ten times. For media companies that rely heavily on advertising revenue, this debt ratio is undoubtedly very heavy, because advertising revenue always fluctuates with the economic situation. For newspapers and other industries facing a long-term downward trend, this is a disaster! "
When CEO Eddie heard that it was the corner of his mouth, the editor in chief John NIMA, who was talking with disgust in his heart, was indeed the 13 Niu 13 people who won the Pulitzer news prize. He boasted of his death and stepped on his six Bi.
However, the other side's speech is undoubtedly very persuasive. Just look at the faces of the people in the conference room, we can see that these guys would like to leave the giant pit of the forum company a day earlier to grab Andy Smith's golden Tui.
As the publisher, CEO and Eddie of the Los Angeles Times, he has a strong ability. He wants to have a "father" of a local tyrant better than anyone else. However, when he comes across the parent company that is going to apply for bankruptcy, he can only recognize it with his nose in his hand. He knows that he has been asked about his family's daughter Xing by many people for two consecutive layoffs.
Aware that the atmosphere in the conference room suddenly became a little weird, people looked at him with a little more meaning. It seemed that they were looking at his CEO's position.
Suddenly, Eddie's face didn't change, but his eyes were shining and he made a resolution. Suddenly, he said to one of the people on the other side, "Tompkins, the pension debt of our newspaper has reached 50 million dollars. After this bankruptcy application, maybe..."As the leader of the newspaper trade union Xi, Tompkins is definitely the most popular one in the newspaper. Not only did he have two "big cleanups" in four months, but also the employees who were laid off complained and complained every day. What's more, the surge of pension debt, the bankruptcy application of the parent company and the shrinking funds of the newspaper make people very worried about the issue of pension payment.
"Brush!"
All the people in the conference room looked at Tompkins in unison. None of the people present were idiots. Naturally, they heard the meaning of fanning the flames in CEO Eddie's words. Tompkins, the trade union leader Xi, was not a fool. However, he didn't care whether Eddie was using him or not. Anyway, he was originally recommended to play against the newspaper holders.
"With regard to pension, the labor union will not ignore it. In this economic environment, the debt is soaring and the parent company is heavily indebted. With such a high pension debt, the parent company must provide a solution and cannot pass on the risk to us!"
"The head office doesn't have the money to pay our debts. Ha ha, they wish they didn't even pay our salaries." Suddenly there was a cold laugh, but no one cared. As you know, someone was adding wood.
"No solution? Ha ha. " Tompkins stood up with a sneer, ignoring the strange expressions on their faces, and slapped the table.
"Then strike!"
The contents of the closed door meeting were kept quiet by all the participants. However, some strange changes were found in the newspaper. The atmosphere of the whole newspaper suddenly became depressed. Only those executives knew that a storm concerning the future of the newspaper was brewing!
Just landed at JFK Airport in New York, and 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 get hold of his golden Tui and were going to do something.
"Cough... John, don't get excited. Calm down. Aren't we talking about it? Don't be angry. How can the newspaper leave you? " CEO Eddie smiled more than crying, stood up, pulled chief editor John back, held each other's shoulders and pressed him on the seat, 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 it can't pay the debt at all. It's certain to apply for bankruptcy. In order to repay the debt, the parent company can come up with any way "No way? Didn't Andy Smith deliver the letter? Since you are so short of money, why don't you promise to come down? If you sell now, it's still valuable. Don't wait for the game to die before you want to sell, but you don't know what the price is! " Editor in chief John is determined to break out today. He can't help his anger when he sees his subordinates being driven away. Just after his words came to an end, in the originally dead conference room, he immediately became noisy and noisy. Looking at the people who were whispering to each other, CEO Eddie also had no choice but to smile bitterly. He didn't want Andy Smith, who was not poor in money, to be his own boss. However, the board of directors of the parent company disagreed with each other, because of the quarrel, and finally no result came out. "According to the information I have received, the Miami Herald has reached a deal with Andy Smith. The deal price is about 300 million, and a contract will be signed recently..." Dean, the executive editor, said the news in the meeting, which caused more discussion. Almost everyone's face was envious of the Miami Herald. "Holding newspapers doesn't pay off. As a successful genius, Andy Smith absolutely knows that newspapers are not as profitable as they were decades ago. Now the profit is very low, and it will be lower and lower. But why does he keep buying declining newspapers? " Editor in chief John also calmed down at this time, frowned raised the voice, immediately suppressed the conference room discussion voice. "I have been thinking about this issue. Although newspapers may not be the most ideal investment object from an economic point of view, for some rich people, traditional paper media with influential investment is expected to gain great reputation. Moreover, I even think that in the future, there will be the survival of the times industry in the 1930s and 1940s. Large investors and large companies will take the newspaper industry as part of their philanthropy. If the Los Angeles Times is in Andy Smith's hands, as long as he needs it, he will hold it for a long time and invest in it to make it stronger. Look at the Newsweek and New York Observer that he bought for $1. Which one is not supported by his funds? Even Du Li Bao and standard evening news almost came back to life in his hands. As you all know, a new issue of Du Li Bao only cost 1 million pounds to launch and promote. Have you seen such a big hand in recent years? " Editor in chief John's words made the newspaper executives in the conference room sink into meditation. As we all know, according to the character and habits of the editor in chief, his words have not been finished yet, and as expected, they are also what people think. "And some people think of big newspapers as" cash machines "and use the unrealistic ideas that lead to the housing loan market falling into crisis in the media industry. Ha ha, this kind of blind idea can be summarized as his idea that a good year will never end and the asset value will continue to rise. Let alone in the current financial storm, even in a good economic situation, the 10 billion dollar leveraged acquisition is considered a crazy gambling behavior. The debt is US $12.9 billion, and the ratio of debt to various incomes is more than ten times. For media companies that rely heavily on advertising revenue, this debt ratio is undoubtedly very heavy, because advertising revenue always fluctuates with the economic situation. For newspapers and other industries facing a long-term downward trend, this is a disaster! " When CEO Eddie heard that it was the corner of his mouth, the editor in chief John NIMA, who was talking with disgust in his heart, was indeed the 13 Niu 13 people who won the Pulitzer news prize. He boasted of his death and stepped on his six Bi. However, the other side's speech is undoubtedly very persuasive. Just look at the faces of the people in the conference room, we can see that these guys would like to leave the giant pit of the forum company a day earlier to grab Andy Smith's golden Tui. As the publisher, CEO and Eddie of the Los Angeles Times, he has a strong ability. He wants to have a "father" of a local tyrant better than anyone else. However, when he comes across the parent company that is going to apply for bankruptcy, he can only recognize it with his nose in his hand. He knows that he has been asked about his family's daughter Xing by many people for two consecutive layoffs. Aware that the atmosphere in the conference room suddenly became a little weird, people looked at him with a little more meaning. It seemed that they were looking at his CEO's position. Suddenly, Eddie's face didn't change, but his eyes were shining and he made a resolution. Suddenly, he said to one of the people on the other side, "Tompkins, the pension debt of our newspaper has reached 50 million dollars. After this bankruptcy application, maybe..."As the leader of the newspaper trade union Xi, Tompkins is definitely the most popular one in the newspaper. Not only did he have two "big cleanups" in four months, but also the employees who were laid off complained and complained every day. What's more, the surge of pension debt, the bankruptcy application of the parent company and the shrinking funds of the newspaper make people very worried about the issue of pension payment. "Brush!" All the people in the conference room looked at Tompkins in unison. None of the people present were idiots. Naturally, they heard the meaning of fanning the flames in CEO Eddie's words. Tompkins, the trade union leader Xi, was not a fool. However, he didn't care whether Eddie was using him or not. Anyway, he was originally recommended to play against the newspaper holders. "With regard to pension, the labor union will not ignore it. In this economic environment, the debt is soaring and the parent company is heavily indebted. With such a high pension debt, the parent company must provide a solution and cannot pass on the risk to us!" "The head office doesn't have the money to pay our debts. Ha ha, they wish they didn't even pay our salaries." Suddenly there was a cold laugh, but no one cared. As you know, someone was adding wood. "No solution? Ha ha. " Tompkins stood up with a sneer, ignoring the strange expressions on their faces, and slapped the table. "Then strike!" The contents of the closed door meeting were kept quiet by all the participants. However, some strange changes were found in the newspaper. The atmosphere of the whole newspaper suddenly became depressed. Only those executives knew that a storm concerning the future of the newspaper was brewing! Just landed at JFK Airport in New York, and 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 get hold of his golden Tui and were going to do something.
