Chapter 211 Local Media Group(2/2)
"I have a condition..." Ronald kissed for a long time and thought of a question.
"Um...what's the condition?" Seeing Ronald stop, Helen took the initiative to kiss him back.
"Well... you'd better shoot the whole movie in Hollywood... not... New York..." Ronald took the medicine as prescribed.
"Okay, it's a movie that reflects New York University anyway..."
After settling matters on both sides, Ronald returned to work the next day. He received James Wells, the editor-in-chief of the Daily News, who came to visit him at the hotel.
"Mr. Wells, please take a seat." Ronald, accompanied by little Doug, met this reporter who graduated from a prestigious school.
"Nice to meet you, Mr. Li. I came here to ask, do you have any intention to enter the media industry?" James Wells's report was very sharp, but the real person is a reserved person, and his words are not aggressive, but give people
Feeling a little shy.
He knew that when dealing with smart people like Ronald, all he had to do was talk about interests. So he told Ronald about the current situation of the "Daily News".
Since its inception, this newspaper has prided itself on positioning itself as New York photo news. The front page is printed in full color, with many photos. It is completely different from the New York Times, which mainly focuses on text and paintings. It is aimed at the public rather than the highly educated.
Elite level.
Sure enough, Ronald and little Doug looked at each other. James Wells took the initiative to show his influence and contribute to Ronald's new film review. This must be required.
Little Doug feels that their business may have some financial problems and they are constantly losing money, so they need to bring in investors or shareholders for blood transfusion.
"How much money do you need now?" Ronald didn't beat around the bush, it was easiest to just talk about the benefits.
"With an investment of about one million U.S. dollars every year, our newspaper can operate more normally. Our newspaper reports a lot about the entertainment industry and has a strong influence on the people. You have already felt this. This is
A very good deal..."
Ronald heard the implication, this seemed to be a good deal, "If I pay, how many shares of Daily News Group can I get?"
"No, no, you misunderstood, Mr. Li. This is not an acquisition of the Daily News, but as a sponsor of the newspaper, help us tide over the difficulties. Accordingly, our editorial department will repay you and your industry.
When the time is right, we may be able to convince shareholders to open investment opportunities to you."
"Huh? I spend one million every year to fund the newspaper, and then I have no shares? My interests can only be guaranteed by your goodwill?" Ronald felt that this kind of proposal was too outrageous, and he did not regard himself as a typical one.
"Hollywood idiot" is here to play?
"I'm from New York...don't talk about these stupid conditions..." Ronald was unhappy.
"You misunderstood me, Mr. Li. I didn't mean to deceive you." James Wells quickly explained.
He really didn't mean to treat Ronald as a fool investor. The problem is more complicated. The Daily News is not a single newspaper. They have always used Manhattan as their main distribution market since they opened in the 1920s.
Profitable for many years before television became popular, they also had their own newspaper building, the Daily News Building, on Second Avenue in Manhattan.
Starting in the 1950s, in order to compete for news, they also stationed commissioners in the Southern District of the NYPD and the courts to inquire about the latest news and use radio to send the latest reports to the press. This radio station later evolved into New York's Channel 11 WPIX
, and then purchased FM channel resources.
Later, when New York issued TV station licenses, the Daily News also photographed the second TV station license in New York City, also named Channel 11. It is now the fifth-ranked radio and television channel in New York. With reports that are close to the people, and late-night high-profile
Known for quality film resources.
And these television and radio station licenses, decades after New York City stopped issuing photography licenses, are sky-high today. Plus a building, it is indeed not an asset that can be bought with one million dollars a year.
Moreover, James Wells, a newspaper editor-in-chief, could not comment on the entire company's shares.
He is just a conscientious editor who does not want this very good newspaper to go bankrupt due to the shortsightedness of the management. Although even if the newspaper closes, the Daily News Company can still live well with its TV stations and building real estate...
"I will think about it carefully..." Ronald sent James Wells away.
"What do you think? If we work hard, we can still negotiate the price. I estimate that we can reduce the price by about 25%. Having a newspaper will be very good for us..." Little Doug said to Ronald. Local
The Hanson family also has media, but it is limited to the Stanton Daily News on Staten Island. Having a newspaper that speaks for itself is the standard for the rich in these places. Now that there is a chance to enter Manhattan, little Doug is no more interested than Rona.
De Xiao.
"Hmm, I think we should not bargain, but should raise the price... We can't be limited to newspapers, TV stations, and radio stations. Those are more difficult fields to enter..." Ronald thought much bigger than Little Doug.
, is there a chance to eat up the entire local comprehensive media group?
"Mr. Ed Bastian, please come to the Peninsula Hotel. I have a big business here that I want to consult with you..." Ronald called his accountant at PricewaterhouseCoopers. He teamed up with his personal lawyer and personal accountant.
Chapter completed!