American Fortune Life
Chapter 400 Decision and Arrangement
After the fashion show, Ivana, one of Chanel's advertising spokespersons, participated in the celebration reception. For Andy, this was undoubtedly very boring, and because Ivana's own brand will be listed soon, future contract After the expiration, Chanel will not be endorsed.
Therefore, the two showed up at the reception, greeted some acquaintances, and then chose to leave. During the period, Andy and Ivana chatted with the president of Chanel Asia and Mr. Zhou.
Mr. Zhou was very shocked by Andy's Mandarin and understanding of Rabbit culture, and left a deep impression, which made her sigh with some of her friends for a long time after returning to China.
"boom!"
"Shet!"
In the conference room, following Andy angrily slapped down the table and scolded angrily, everyone lowered their heads and pretended not to hear the boss Biao's swear words.
Andy calmed down his evil fire, and directed at Li Xiaoying, who was in charge of the acquisition of "Newsweek", followed Catherine to Washington for negotiations, and raised the document in her hand, "Emily, are you sure you didn't make a mistake? Every building belongs to Newsweek?”
"No problem, boss, it's just that this building has a history of nearly 60 years. In 1998, it was mortgaged by the Washington Post Company to a bank for 315 million yuan, except for the 200 million yuan left for "Newsweek" to expand. The branch office bought some sub-journals, and the rest were taken away by the Post Group, and the loan expires next year." Li Xiaoying replied affirmatively with a serious face.
"Damn it, that's a skyscraper with 60 or 70 floors, and it only borrowed more than 300 million yuan?" Andy was really speechless about this.
"Ahem, boss, the valuation of these buildings at that time was no problem. At that time, the price of Che1sea Building at 111 Eighth Avenue in Manhattan was only 300 million U.S. dollars..."
Andy glanced awkwardly at Alvitre, who was a little embarrassed. Well, he was a little excited. Although he remembered the stalk of buying "Newsweek" for $1 in his previous life, he knew that things would not be that simple. Now it's up to him , Sure enough, troubles appeared one after another.
"That is to say, now I bought Newsweek and a 60-year-old skyscraper for 315 million plus one dollar?" Andy said, looking down at the numbers on the document in his hand.
"There are also bank interest and newspaper losses..." Li Xiaoying added.
Andy raised his head, glanced at her with resentful eyes, turned his head to Al and continued to ask, "What do you think?"
"At present, boss, if you take over the mess of "Newsweek", many people will definitely look stupid, but boss, don't forget, the location of the Newsweek building is in Manhattan. Even if the real estate bubble bursts and housing prices plummet, New York Housing prices on the Upper East Side will not change much, and maybe there will be a slight rise against the market.
I really didn’t like this newspaper before, but now I think, Boss, we need to confirm the acquisition as soon as possible, and don’t bother too much with the $100 million that the Post transferred, because this building will definitely let you get several times s return! Alvitley opened the folder in his hand and began to explain his point of view.
"Based!" Andy asked.
"After learning about this situation, the think tank collected data overnight and made these two charts..." Al took out two charts and handed them to the assistant, and then someone quickly closed the curtains, turned off the lights, and turned on the slide projector.
"This is the trend chart of office buildings in Manhattan from 1997 to 2004. After 1997, the bubble of technology stocks represented by Nasdaq pushed up the prosperity of the capital market, and the demand for office buildings from financial institutions increased greatly. It reached its peak in 2001, and did not start to adjust significantly until after 9/11, and bottomed out in 2004.
Next, reasons such as the Fed's continued expansionary monetary policy have driven a sharp rise in U.S. real estate prices. Everyone here knows what will happen in the next period of time.
But as far as the current situation is concerned, the price of office buildings has reached the highest point. I think it will come down when the crisis comes. To 5.3%!
As the central city of New York, the world's largest city, Manhattan's office market is more mature and stable than other markets in the United States, and even globally. The outstanding performance is low vacancy rate and rapid recovery when fluctuating.
Boss, I can guarantee that even if the crisis breaks out, the rent of Manhattan office buildings will still return to the current price in two years, three years at the latest.
Take the che1sea building mentioned just now as an example. It was sold for 300 million US dollars in 1998, and its asset appraisal in 2004 was as high as 800 million US dollars. It is also a building with decades of history. I believe that the value of the Newsweek building will only High but not low! "
Andy squinted slightly, looked at the data on the screen, and waved his hand. Immediately, someone turned off the machine, opened the curtains, and looked at Li Xiaoying, "Do you think the other party's conditions are acceptable?"
"If the 115 million US dollars is not pursued, this acquisition is not a problem at all. The Post Group now urgently needs to get rid of this burden. Not a lot of confidence, more of running the post in a contracted state, too cautious. What I see is an old newspaper conglomerate that is dying."
In fact, Li Xiaoying still has nothing to say. She even felt that Catherine didn't like running newspaper publishing at all. She forced herself to take over so that the power of the family business would not be left behind. She could even guess the final destination of the Post Group. , will undoubtedly change hands.
"In this case, to avoid any unexpected situation, everyone, get ready. We will fly to Washington in the afternoon. Al told Jon Meacham, Tori, to call and charter a private jet..."
Now that a decision has been made, it is natural not to be procrastinating. Andy will not let the duck in his hand fly away, and begins to divide the work among the people. The little assistant Tori twisted his buttocks, picked up the meeting minutes, and quickly walked out of the conference room to give the airline I called.
After the meeting ended, Andy returned to the office, took out his mobile phone and called Ivana.
"Hey, go home at noon and pack your luggage. You need to fly to Washington with me. We'll talk about the specifics when you get home. You can arrange your work. Maybe you need to stay in Washington for a few days..."
After hanging up the phone and sitting on the boss chair, Andy played with the phone in his hand, thinking.
After the signing of the acquisition agreement, this is just the beginning. "Newsweek" has been mad at the Washington government for decades, especially focusing on various issues of the White House. It has also become a key target of suppression by Washington. .
But now that Andy Smith has taken over "Newsweek", he will naturally not let this situation continue. Although he will not completely subvert and change the news concept of "Newsweek", he will not let it be the same as before. Relations in Washington were so fraught.
He needed the influence of his family and his grandfather to break the deadlock. Thinking of this, Andy picked up the landline on the table and started calling.
"Good morning, Grandpa, did I bother you? Is it convenient for you to speak now?"
Old Smith sat in his office in Congress, and said with a smile: "You boy, you won't call me at all if you have nothing to do. Tell me, what's the matter?"
As he spoke, he waved his hands and told all the assistants in his office to leave, went around behind the desk, and sat on the comfortable boss chair.
On the face that was still smiling at the beginning, the smile froze suddenly, and he confirmed with a little surprise: "Andy, what you said is true? How far has the matter reached? I will come to sign the contract soon... Well done, very good! This is really a big surprise, very good, tell me, is there anything Grandpa can do for me..."
After hanging up the phone, the smile on Old Smith's face became even brighter. His grandson made him more and more gratified, joyful, and his mood became extremely comfortable. To be honest, the news of Andy's acquisition of "Newsweek" was very important to him. It was a big surprise for the party whip.
It is undoubtedly great news that a stabbing media with huge influence in the world will soon belong to the Smith family. As a veteran political family, although they also control some newspapers and TV station shares, they are not themselves after all. For a long time, the Smith family really hasn't produced any descendants who are talented in business. Except for lawyers, doctors are artists, let alone the media industry.
Now Andy has not only achieved great success in business, but also has great influence and voice in the media and publishing industry. It took less than a year for the 22-year-old child to reach this level, which is also the same in the world. Rare.
At a certain moment, Old Smith even wanted to break the tradition and hand over some family resources to Andy. However, the family creed of hundreds of years made him suppress this impulse. It was related to the inheritance of the family. One person has the final say, and he also has brothers.
"Don't worry, don't rush, let's take a look again, maybe the seat that my family has never wanted to sit in, I can think about it..."
Looking at the family portrait two years ago in the photo frame on the table, his son Auston and Andy with a gloomy expression, his eyes stopped on Auston's face.
After pondering for a while, Old Smith reached out his hand and pressed the answering machine, "Let David come in."
Soon, a middle-aged man with a height of about 1.8 meters, a little thin and a little bald, knocked on the door and walked in.
"Mr. Smith, are you looking for me?"
"Sit, David, how many years have you been my staff?" Old Smith looked at David De Heli, whose eye sockets were slightly sunken, and a pair of big eyes sparkled with Jing.
"It's been 8 years..." David replied with a puzzled face because he was a little confused.
"It's been 8 years, hehe, David, have you thought about changing jobs..."
David looked at the cigar in a bit of bewilderment, and looked at his old Smith with a smile, his head full of confusion.
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