Chapter 115 Grandpa, I Want That Company

"Why U.S. News and World Report instead of Newsweek? As far as I know, the former has been doing very well. Newsweek has been losing money for seven consecutive years, with annual losses exceeding 10 million, and its debts are as high as 1.1 billion."

Harvard University, on a path in Harvard Yard.

Milo and his grandfather John Blackburn slowly walked out of the exit of the school's administrative office.

Not far from the grandparents and grandchildren, a dozen tall men in black suits were vaguely surrounding them.

Old Blackburn was a little surprised when he saw this, and thought that his grandson paid too much attention to personal safety.

But this is a good thing, except that it is a bit too expensive.

“There’s a reason for that.”

Milo explained to his grandfather.

A few days ago, Yahoo's third round of financing was finally successful.

Morgan Stanley led the round, with participation from Wells Fargo and First National Bank of Boston.

After the financing, Yahoo's current shareholder ratio is 50% Milo.

Sequoia Capital, Wells Fargo, and Boston National First Bank each hold 10%, and Morgan Stanley 15%.

Of the remaining 5%, founder Jerry Young holds 3%.

The final 2% will be used as a dividend stock pool for Yahoo employees.

What? Why doesn't the other founder, David Filo, have any shares?

David Ferro died suddenly, and even his family members who had the right of inheritance were unfortunately killed.

So his shares were bought by other shareholders, and the money from the purchase of shares was donated to some local charitable funds in San Francisco after everyone's discussion in accordance with local San Francisco laws.

It would be better not to check those charitable foundations.

If someone were to check, he would be surprised to find that they were funds established by the mayor, attorney general, speaker and wives of senators of San Francisco.

They are all very charitable and heartwarming foundations.

As for why Morgan Stanley backed down...

Milo looked like he was so frustrated that he would rather blow up Yahoo so that no one could get any advantage.

Plus... David Filo died not long ago.

Asumur thought of himself as just a senior executive at Morgan Stanley.

His last name isn't Morgan or Mellon or anything like that, so he doesn't have any protective amulets.

And as long as Morgan Stanley can hold more than 10% of the shares, it will make money.

It was just a part-time job, there was no need for him to test a guy who dared to bump into the candidate for Attorney General at the age of sixteen.

Both publicly and privately, Asumur is willing to quit while he is ahead.

So Yahoo's third round of financing was naturally completed.

Subsequently, Yahoo made some position adjustments after its third round of financing.

Jerry Young, one of the founders and former CEO, was transferred to the position of Chief Technology Officer.

Eric Schmidt, from SUN, was hired as the new CEO of Yahoo.

Elon Musk, founder and CEO of ZIP2, joined Yahoo as chief marketing officer.

There have also been many changes in other senior positions in the company.

The Chief Financial Officer (CFO) is temporarily served by Sabathai West.

As for Milo himself, he became the chairman of Yahoo!

After dealing with matters in Silicon Valley, Milo returned to Boston yesterday.

At this moment, he was using his skill on his grandfather——【Grandpa, I want that company·JPG! 】

“U.S. News and World Report is easier to get started with.”

Milo told his grandfather, "Twelve years ago, Mortimer Zuckerman bought this magazine for fifteen million dollars. And Mortimer Zuckerman, he's a Bostonian..."

"U.S. News and World Report" is the weekly magazine that has received the most honors for excellent commentary in the United States. It is one of the three major weekly magazines in the United States.

It has editorial offices in Washington, D.C., headquarters in New York, and is published in the United States and Canada.

The three major weekly magazines in the United States are Time, Newsweek and U.S. News & World Report.

In terms of circulation, U.S. News and World Report ranks third, with an average circulation of approximately 2.3 million to 2.6 million.

Milo didn't finish his words, but old Blackburn obviously understood his subtext.

There are people behind the two weekly magazines mentioned above, and of course there are people behind U.S. News and World Report.

But the people behind U.S. News and World Report are the Boston consortium.

And Mortimer Zuckerman himself is only a minor character.

His net worth is estimated at around 10 billion US dollars, making him a peripheral figure among the Boston consortium.

Mortimer's main wealth does not come from U.S. News and World Report, but from his real estate business in Boston.

These conditions are perfect for Milo to use the skill [Grandpa, I want that company·JPG] on his grandfather.

"And I believe others will not resist too much because I have already given them benefits." Milo said to Old Blackburn again.

First National Bank of Boston will get a 10% stake in Yahoo.

Of course, Milo wanted to bring in his own people to contain Morgan Stanley's intention.

But he also wanted to show Boston that—

Although Blackburn may be married to Rockefeller, I am still a Bostonian.

Look, I’m willing to let everyone share a share of the benefits of the West Coast.

The same goes for introducing the Wilson family and those local tyrants.

This is also one of the reasons why Morgan Stanley is willing to compromise.

Milo did not eat alone.

Although he ate the most, he was also very disciplined and many people got a share.

Even if Morgan Stanley wants to stir up trouble again, it has to consider whether it will arouse public anger.

Return the favor, since Boston has benefited from him.

Should Boston also give him some benefits? U.S. News and World Report is the benefit he wants.

A powerful mouthpiece controlled by a Boston consortium, but the control has nothing to do with Blackburn.

All he wanted to do now was to transfer control to himself.

"good."

Old Blackburn did not hesitate much, as this was a benefit that his grandson had brought to his family.

It would be strange if he didn't help his grandson.

And Milo had already laid the groundwork, so old Blackburn knew that what he was going to do next would be easy.

"TBS TV station, film company, famous weekly magazine..."

Old Blackburn whispered, "You look like you're only one newspaper away?"

The grandparents and grandchildren were on their way to Harvard University together.

Milo told his grandfather about his idea for a media group.

"Don't assume anything about the Boston Post. Beers will not give up control of the Boston newspaper group. Because that's the only thing they rely on to survive."

The Boston Post, the Boston Herald and the Boston Chronicle are the three most influential newspapers in New England.

They all belong to the Beerse family's Boston newspaper group, which was once the most powerful newspaper group in the United States a hundred years ago.

But later it lost in the competition with Hearst Media, owned by the Hearst family.

In modern times, with the development of radio and television news, newspaper circulation has gradually declined and has failed to regain its former glory.

It can only dominate the New England region and cannot be considered a national newspaper.

"Ha, if I had a choice, I'd rather have USA Today, but Gannett won't give it to me."

Milo laughed.

Looking at his handsome and tall grandson beside him, old Blackburn was very pleased and joked, "If you can't get it now, maybe you can get it in the future? Son, I believe in you, you have done well enough."

Old Blackburn looked at his grandson's smiling face and suddenly remembered this time last year.

At that time, Paladin was seriously ill and critically ill.

At that time, I learned that my grandson Paladin was probably incurable.

He, his son Joseph and even the entire family all felt a little gloomy.

At that time, Milo was still in Los Angeles and hadn't returned.

But they didn't want him back either.

Because at that time, Milo was well-known in the entire circle for his dandy nature.

Such a dandy boy obviously cannot carry on the family business.

Once the perfect heir dies, this family will probably be finished.

The latest novel is published first on Liu9shuba!

But there was no way, he only had this grandson Milo left, and his only son was Milo.

We can't... let those illegitimate kids from outside come back, right? That would make Blackburn a laughing stock.

Paladin's funeral.

Old Blackburn and his son Joseph knew how terrible their grandson/youngest son was.

At that time, I was still thinking about trying my best to help him.

If all else fails, find a good marriage and a capable granddaughter-in-law to marry you.

This may not be a solution.

There are people in California who did this, and they did very well, and some of them even became members of Congress.

But unexpectedly, after Paladin's funeral.

Milo, the useless heir in their eyes, constantly brings them surprises.

First, place your bets in advance and enter the market earlier than most people to grab a good position in the Internet.

Then he published a novel, which sold so well that the former whip, old Blackburn, chose to shamelessly help his grandson.

Things got out of control after that.

Make a movie and sell it. Go to Wall Street and make a lot of money. You can also use your marriage connections. Now everyone knows how to use the distribution of benefits to increase your voice in the consortium.

What a pity...it would be great if Paladin was still here!

Old Blackburn lamented with a broken heart.

If Paladin were still alive.

At that time, there were two brothers in the Blackburn family.

One is in politics, the other in business.

The two brothers have such a good relationship.

In the hands of the two of them, the Blackburn family will surely reach a higher position.

Unfortunately, there is no if.

Old Blackburn sighed inwardly.

"Milo! And, Mr. Blackburn! Good afternoon!"

A clear and sweet voice interrupted old Blackburn's sorrow abruptly.

The old man looked up and saw a young girl who was let in after being briefly intercepted by the bodyguards. She walked towards him and Milo and greeted him.

The old woman's reaction was a little slow, and it took her more than a second to remember her identity.

He smiled. "Ms. Rockefeller, oh, no, Ariana, good afternoon. Are you here to see Milo?"

March in Boston can sometimes be a bit cold.

The girl, wearing a black winter dress with white silk lace, came to Milo and Old Blackburn with a smile on her face.

"Yes. I heard that you and Milo came to school, and class hadn't started yet, so I came to see you!" Ariana admitted generously.

"Oh, that's right. Look, Milo is here."

Old Blackburn laughed, but his eyes passed over Ariana and looked at the two girls who were stopped by the bodyguards.

Ariana turned around and saw it, she smiled and said to Milo and Old Blackburn, "Ivana Gimp and Eric Coburn Mellon are my friends and also students at Harvard. They came with me, and Milo knows them too."

Old Blackburn nodded and said with a smile, "Well, in that case, I, an old man, will not disturb the gathering of you young people. I still need to ask Neil about this year's dividend."

The Neil mentioned by the old man refers to Harvard President Neil Rudenstine.

Harvard University is more like a large enterprise with the school as its core than a school.

It has a huge influence in the Boston area and New England. It is also one of the largest employers and one of the largest local companies.

Since it is a business and it is private.

Then there will be profit requirements, and if there are profit requirements, there will be dividends.

Of course, it will not directly say that it is a dividend given by Harvard University.

After all, Harvard University is nominally a non-profit organization.

It's too outrageous to divide the money directly.

So it is an indirect way of dividing the money, the kind that cannot be traced even if you want to.

But it does pay out a certain amount of dividends every year, which amounts to about 20 million U.S. dollars a year to the Blackburn family.

That’s why he and his grandson are at Harvard today.

Obviously, after discovering that his grandson was very capable.

The old man is slowly handing over his power and interests to his sons and grandsons.

Laughing, old Blackburn left, taking a few bodyguards with him.

At this time, Ivana and Eric Mellon also came over.

When they saw Ariana appear, Milo, who had been smiling and silent, started talking.

Then, to use the words of the Chinese Internet in later generations, they were just fed a lot of dog food.

"I'm so glad to see you again, dear!"

Milo walked forward with a charming smile, put his arms around Ariana, then took a bouquet of roses from his bodyguard and handed it to Ariana.

"Thank you, dear, the flowers are beautiful..."

Ariana, smiling very sweetly, took the red rose, held Milo's hand, and gazed at her lover with tenderness in her eyes, praising him. Unfortunately, before she could finish her words, she was pulled into his arms, covering her red lips, and then...

Ariana grabbed the rose, wrapped her arms around Milo's neck, stood on her tiptoes, closed her eyes, and felt her fiancé's passionate kiss.

“Huff…”

Her pretty fair face was flushed, her eyes were blurry, and she was breathing heavily. The deep kiss just now almost suffocated her.

"I haven't seen you for a few days, dear. You seem to have grown a little taller." Milo narrowed his eyes and whispered in Ariana's ear, who was still in a daze.

"Maybe we can get married right away after we get engaged at the end of the year. There is no age restriction for marriage in either Massachusetts or New York..."

It's outrageous, but New York State, the "most economically developed state" in the United States, did not officially sign a law until 2017 to set the minimum legal age for marriage at 17.

Before that, New York State had a marriage law of fourteen...

The fact is that in some farms, there are many people who get married and have children at the age of eleven or twelve.

The key is that it is not illegal as long as both parents sign a consent form.

"Hate……"

Ariana regained consciousness, lying in Milo's arms, punching his chest a little shyly, and said coquettishly, but she was still worried in her heart, wondering if it was too early if it was true, but she never thought of refusing.

I'm a bit uncomfortable with the addition of people. I only have one today. I'll try to make up for it tomorrow.

(End of this chapter)