American Fortune Life

"Ahem... John, don't get excited, calm down, aren't we discussing this? Don't be angry, how can the newspaper leave you."

CEO Eddie showed a smile uglier than crying. He stood up, pulled the editor-in-chief John back, supported the other's shoulders and pressed him on the seat, and then looked around with a wry smile.

"I know that you are very dissatisfied with what happened to the newspaper recently, but what can I do? Now the parent company has a debt of 12.9 billion, and it is impossible to repay the debt. Bankruptcy filing is a certainty. In order to repay the debt, the parent company The company can think of any way now..."

"No way? Didn't Andy Smith submit the purchase letter? Since you're so short of money, why didn't you agree to it? It's worth selling it now. Don't wait until you're dead and want to sell it, but you don't know what the price is! "The editor-in-chief John is determined to explode today. Seeing his subordinates being driven away one after another, he really can't hold back his anger.

As soon as he finished his words, the originally silent conference room immediately became noisy and chattering. Seeing the people whispering, CEO Eddie smiled helplessly. Why didn't he want Andy Smith, who was not short of money, to be his boss? However, the board of directors of the parent company was not unified, and there was a lot of quarrel because of this matter, but no result was reached in the end.

"According to the news I got, a deal agreement has been reached with Andy Smith. The deal price is around 300 million yuan, and the contract will be signed soon..." Executive editor Dean said the news he got before in the meeting, causing There was a bigger discussion, and almost everyone showed envious expressions on their faces, envious of the newspaper.

"Owning newspapers doesn't pay off. Andy Smith, a successful genius billionaire, absolutely knows that newspapers won't be as profitable as they were a few decades ago. Profits are low now and getting lower.

But why does he keep buying newspapers that have declined? "The editor-in-chief John also calmed down at this time, frowned and raised his voice, and immediately suppressed the discussions in the conference room.

"I have been thinking about this issue. Although newspapers may not be the most ideal investment objects from an economic point of view, for some wealthy people, investing in influential traditional print media is expected to gain great prestige.

Moreover, I even think that in the future there will be the existence of the newspaper industry in the 1930s and 1940s. Big investors, big companies will use the newspaper industry as part of their philanthropy.

If it goes to Andy Smith, as long as he needs, he will hold it for a long time, and invest money to make the newspaper stronger, look at what he bought for $1, well, which one didn't get his money support?

He even brought back to life the almost British newspaper and magazine. As we all know, a new magazine of the United Kingdom spent 1 million pounds just for the promotion of its publication. Have you seen such a large amount of money in recent years? "

The editor-in-chief John's words made the newspaper executives in the conference room fall into deep thought. Everyone knows that according to the editor-in-chief's personality and habits, he hasn't finished speaking. Sure enough, it is just as everyone thought.

"And some people think of using big newspapers as 'cash machines', and apply that set of unrealistic ideas that caused the housing loan market into a crisis to the media industry. Haha, this kind of blind thinking can roughly be Summarized as what he believes, the good times will never end, and asset values ​​will continue to rise.

Not to mention the current financial turmoil, even when the economic situation is good, a leveraged buyout of tens of billions of dollars can be regarded as a crazy gambling behavior.

The debt is 12.9 billion US dollars, and the ratio of debt to various income exceeds 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 an industry facing a long-term downward trend, such as newspapers, this is a disaster! "

CEO Eddie's mouth twitched when he heard it, and he slandered the eloquent editor-in-chief John,

Damn, it really is a 13-year-old character who has won 13 Pulitzer Prizes for journalism.

However, this set of rhetoric of the other party is undoubtedly very convincing. Just looking at the expressions on the faces of the people in the conference room, you can tell that these guys can't wait to get out of the huge pit of the forum company one day earlier and go to grab security. Dee Smith's golden tui is gone.

As the publisher and CEO of the company, Eddie is still very capable. More than anyone else, he hopes to have a local rich 'father', but when it comes to the parent company that is about to file for bankruptcy, he can only hold his nose and admit it. He knew that after two consecutive major layoffs, he had already been greeted by many people as the daughter of the whole family.

After noticing that the atmosphere in the meeting room suddenly became a little weird, everyone looked at him with a little more meaning, as if they were examining his position as the CEO.

Suddenly, Eddie's expression didn't change, but his eyes narrowed, as if he had made some kind of determination, he said abruptly to a person beside him: "Tompkins, the pensioner of our newspaper office Jin’s debt has reached 50 million U.S. dollars, and after this bankruptcy filing, it may be..."

As the leader of the newspaper union, Tompkins is definitely the most irritated one in the newspaper. Not only did he usher in two "big purges" in four months, but the employees who were laid off even complained every day. More critically, the surge in pension debts, the bankruptcy filing of the parent company, and the continuously reduced funding of the newspaper office have made people very worried about the issue of pension payments.

"brush!"

Everyone in the conference room looked at Tompkins in unison. None of the people present were idiots. They naturally heard the meaning of stirring up flames in CEO Eddie's words, and Tompkins, who was the leader of the union, was not Fool, however, he didn't care if Eddie was using him, anyway, he was elected to play against the newspaper owner anyway.

"It's about pensions, and the union will not ignore it. In this economic environment, the debts are soaring, and the parent company is heavily indebted. With such a high pension debt, the parent company must come up with a solution, and the risk cannot be transferred. Give us!"

"How can the head office have the money to repay our debts, hehe, they wish they didn't even pay wages." A sudden sneer sounded, but no one cared, everyone knew that this was someone adding firewood again.

"Not resolved? Hehe." Tompkins stood up with a sneer, ignoring the weird expressions on everyone's faces, and slammed down the table.

"Then strike!"

The content of this closed-door meeting was kept silent by all the participants. However, some strange changes were discovered at the newspaper office. The atmosphere of the entire newspaper office seemed to suddenly become depressed. Only those executives knew that a matter related to the future of the newspaper office A storm has begun to brew!

Just landed at JFK Airport in New York, and Ivana and I made love to each other. Andy, who got in the car and drove to his home on the Upper East Side of Manhattan, didn't know that a group of people were holding their breath and preparing to make trouble in order to hug his golden tui.