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American Fortune Life - Chapter 1943

Published at 7th of November 2021 07:48:13 AM


Chapter 1943: 1943

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“。。。 Murdoch created the media empire in the media circle of four continents. He has a monopoly position in Britain. When the power is highly concentrated in one person's hands, it will inevitably lead to his abuse of power within the organization, which is also one of the causes of the Murdoch empire.

From the outbreak of the eavesdropping scandal in August to the close of the 18th, the cumulative market value of News Corporation's shares listed in Australia and those listed in the United States has evaporated by $14 billion. In addition, Murdoch's media territory in the UK is likely to face a mandatory split under the new management rules, and Murdoch's 39% stake in BSkyB may also be forced to sell. "

A red wall villa in New York City has elegant and luxurious interior decoration. There are "arc stairs" inside. NBC news is playing on the TV in the glittering white living room, which is very rare for the Murdochs who own Fox TV.

Looking a little haggard and solemn, Rupert Murdoch looked at himself in the cloakmirror, listened to the reports on the TV behind him, raised his chin slightly, and allowed Wendy Murdoch, who was worried and resentful, to help him sort out his necktie.

Thousands of miles of dike, collapse in the ant nest. Murdoch, an octogenarian, has to face the biggest crisis in his magical business career and unprecedented impact on British politics as a result of a scandal of British tabloid eavesdropping.

In less than three weeks, his global media empire suffered serious damage to its global business reputation and interests as a result of an initial unremarkable "buy news" scandal.

Especially four days ago, standard & Poor's downgraded the credit of News Corporation, which undoubtedly made the News Corporation worse in the storm, and the loss was extremely heavy. Thinking of that handsome young face, Murdoch's face became more gloomy, his eyes flashed fiercely, but only after a flash, he sighed a little.

Back then, in 1968, he bought most of the news of the world for 34 million pounds. Eight years later, he bought the sun and made it the daily edition of the news of the world. In February 1981, he bought the times and Sunday Times again with astonishing results...

Up to now, in the UK, News Corporation has an amazing development power. 40% of the newspapers are controlled by News Corporation, and the total circulation of six newspapers reaches 25 million.

After conquering Australia and Great Britain, he moved to the United States. At the end of 1976, he bought the New York Post, bought the herald American newspaper in 1982, and renamed it the Boston Herald. In 1985, the 20th Century Fox company in the United States was in trouble. He did not hesitate to set up Fox TV company.

In the past few years, in 2007, his news group took the income of Dow Jones group and Wall Street Journal with a total price of $6.16 billion per share.

It can be said that at this time, he has reached the summit of his career, and the media all over the world are called "media geek" and "Napoleon of the media industry".

News Corporation has influenced almost every election in Britain, so the Conservatives and the labor party are competing to please him.

For the past 20 years, in British politics, no politician who hopes to be prime minister dare to offend Murdoch. From former British prime ministers major, Blair and brown to Cameron, who is preparing to run for prime minister, we need to keep a good relationship with him, Murdoch.

However, maybe it was the one who got benefits from politics that really suffered from politics this time. The reason why the eavesdropping scandal was "out of control" was not only the instigation of Andy's asshole, but also the fact that the eavesdropping really touched the bottom line of the public's morality. On the other hand, it was not so many years ago that news corporation's monopoly really harmed Britain The political, business and media circles of the United States and the United States all share the same interests. Yu, by taking advantage of the eavesdropping scandal, attacked to overthrow its media empire.

News Corporation's share price has plummeted and its market value has been greatly reduced. The shares of Sky TV owned by crazy rumors outside may also be forced to be sold. People are discussing whether the Murdoch empire will collapse.

But some of them seem to forget and underestimate the energy of his nearly 80 year old.

No entrepreneur is plain sailing. Mistakes and failures are the best notes on the way to success!

No matter how superior a person's wisdom and ability, no matter how high he or she is, he or she will encounter a sudden disaster. The unprecedentedness of this disaster makes him or her have to seek for himself, get the answer from his or her inner insight and thinking, and make an independent judgment. The source of crisis may be mistakes made by leaders themselves, environmental factors beyond human control, or both.

Murdoch looked down at his face and worried. In a hearing at the British hearing, he slapped the attacker and struck the assailant's face on the face of the assailant with a flash of speed and strokes. He rushed back to protect his wife, remembering the matter. He was also gratified, but in a faint, he was given a rare brilliance because of his outstanding performance. cheer.

Even the words praising Wendy came like a tide. The praise for Wendi suddenly overwhelmed or even drowned the news corporation scandal, which made the plummeting stock price slightly rise.This also let the old man have a kind of feeling of how to get a wife.

"Don't worry, everything will be better, this storm can't beat me, you know, every great leader will usher in a dark period somewhere in his life." Murdoch gently took his wife into his arms, patted her on the back and reassured her, though he knew that there were countless enemies trying to use the scandal to defeat her. Once friendly politicians are now running around like frightened rabbits to protect themselves.

But don't forget that he's Murdoch, Napoleon of the media world, whose political influence has never been greater than that of Murdoch's News Corporation since the collapse of the East India Company.

To tell you the truth, if you change to an ordinary person, you must be weak in the face of such pressure. Murdoch didn't panic. Although he was seemingly tired of dealing with the accusations and public opinions brought by Britain and the United States, in private, he first persuaded William Rhodes of Citibank, News Corporation's largest creditor, to believe that he could restructure News Corporation at all costs. Then began a long negotiation process, and finally led News Corporation out of the difficulty.

After a long negotiation, the bank tried to persuade all the banks to stay and continue to provide loans. There are also some banks that are beginning to believe that supporting him may bring better prospects. It's impossible in the past. Mr. Murdoch rarely talks directly with the bank, usually leaving the job to his chief financial officer. But this time, Murdoch himself went to the front.

In order to take back the initiative, he has ordered people to buy back more than 3 billion pounds of shares, while he claims to "please" investors. News Corp. is still well funded, with about $12 billion in cash. It was intended to buy the remaining shares of Sky TV to support the disaster.

In order to keep his media empire, just in case, Murdoch even sold a large number of valuable assets to raise sufficient funds to prevent the complete collapse of News Corporation.

"Honey, after you meet him, you should talk calmly. In any case, you should stop him from shorting News Corporation. At present, he is the biggest variable." Wendy Murdoch, still with a hint of apprehension, said she was worried that her husband would quarrel again after meeting Andy Smith, the founder of the News Corporation incident, who was about to break down.

To be honest, no one ever thought that because of a little incident, it will eventually lead to the current situation. She also knows that even if the matter is finally reconciled, the relationship between the two families has entered into hostility. Since then, disputes and secret wars will not sleep!

“。。。” Murdoch frowned and his eyes were sharp. Finally, he sighed. Of course, he didn't want to bow to Andy Smith. Unfortunately, the situation is better than others. In the face of the turmoil in the financial market and the constant killing of News Corporation's stock market, he could only admit defeat.

The real king will not care about the gain or loss for a while. The feud between the two sides is already over. We will see in the future!

"Don't worry, after all, the cause of this matter is because of its New York Post. Alas, nobody expected that it would come to this point. As long as it's not too much, this time I admit defeat!"




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