Chapter 122 Black Gloves

In the previous life, Newsweek, another of the three major American weeklies, was on the verge of bankruptcy due to poor business performance.

Because of the huge debt, few people in the United States are interested.

As it happened to be the time of the financial crisis, it was sold to the public for one dollar.

So a Chinese consortium came forward eagerly.

They said they would not take advantage and were willing to spend $500 million to purchase Newsweek, which had a debt of more than $300 million.

Then, before the first round of bidding even started, it was kicked out by the US Department of Commerce.

Oh, the Eight Banners of the United States want to get involved in the three major American weekly magazines? It's just overthinking.

Even Murdoch, who is of the same ethnicity as Australia, has spent more than 30 years trying to get on the flag.

People like Kimp, who are of the same German descent as the Anglo-Saxons, can only barely join the flag after they gain power and become the supreme leader and are likely to be re-elected.

What about the Chinese?

Madison Avenue, downstairs from the building that houses U.S. News and World Report.

Milo led his men straight into the building's elevator and headed to the 38th floor.

The U.S. News and World Report newspaper occupies the top five floors of the building's spire.

The thirty-eighth floor is the top floor.

When the elevator door opened and Milo walked out, he saw that both sides of the corridor were filled with newspaper employees, led by Chris Carey.

Three days earlier, U.S. News and World Report had been his.

But Milo never came. Instead, he asked Chris Carey, the chief media consultant in his think tank, to come first to integrate.

After Chris Carey initially completed the job, he showed up here today.

“Pah…”

Chris Carey led the applause.

Milo smiled and looked at the employees on both sides. He really didn't know what to say about Chris's behavior.

He could only calmly nod to the employees on both sides, and under the guidance of Chris, he led the people into the newspaper office lobby.

After entering the hall, Milo stood in the middle. After all the employees in the corridor returned to the hall, he looked around again and stretched out his hand to suppress the chaotic applause.

To be honest, for Americans, if they don’t applaud sincerely, voluntarily or with excitement, it will be a shame.

Even if you are welcoming your new boss, don't expect everyone to be willing to flatter him and applaud him loudly.

So sometimes it is better not to applaud, as it will inevitably be sparse, messy and embarrassing for both parties.

"I'm Milo Blackburn, your new boss, and I'll be the last owner of U.S. News and World Report. Even if one day it completely declines and loses its market, I will choose to let it die slowly and never let it change hands again!"

"Of course, I know that many of you miss Mortimer Zuckerman. Because Mortimer is not only a businessman, I know he is also an outstanding newspaperman and news expert. He made the newspaper one of the three major news weeklies in the United States. He is an excellent newspaper operator."

"But there was no use in reminiscing. Because Mortimer Zuckerman couldn't keep his beloved newspaper. I just said to my grandfather, 'Grandpa, I want the U.S. News and World Report,' and then Mortimer Zuckerman had to sell it to me."

"You may hate me for this, but that's okay, because I don't want your respect. I just want to tell you that you can get more dollars working for me than you would if you worked for Mortimer Zuckerman."

"For example, right now, I declare that each of you will receive an extra month's salary as a bonus next month."

"Maybe some of you will ask me why I do this. There is no reason, because I am happy, because I, Milo Blackburn, have no shortage of money at all."

Milo came out of nowhere, got straight to the point, and ended his speech with a thought-provoking speech.

The entire newspaper office hall fell into silence for a few seconds, followed by cheers from the audience and the employees' heartfelt applause, whistles, and shouts of "Long live the boss!"

As one of the three major news weeklies in the United States.

Even as an intern, you can get a salary of around four to five thousand dollars.

The monthly salary of the U.S. News and World Report newspaper is not small.

There is even a lot to say for the middle and lower level workers, journalists, and clerks.

Now everyone has done nothing but got a new boss.

Next month you can get an extra month's salary as a bonus. No one would be unhappy about such a good thing.

It's just a new boss. If the salary is really as the new boss said, he can pay more than when Mortimer Zuckerman was here.

Then they would certainly forget Mortimer Zuckerman immediately.

What Mortimer Zuckerman? I'm really not familiar with him!

We just love Blackburn!

Now it’s just applause and cheering, what does that matter?

Chris Carey clapped his hands vigorously and complained in his mind, "Fuck, what a bunch of bastards! I worked hard for three days and got very little out of it. As a result, when the boss said he wanted a raise, they all wanted to be his lackeys! Hey, Benjamin Franklin's charm is really endless."

Milo was very satisfied with the effect of spending money. Looking at everyone's excited faces, he thought that the spending money method did have its merits.

Wherever the U.S. dollar goes, everyone kneels.

He smiled and shook hands with everyone. I don't know who started it, but every employee who shook hands began to excitedly say his or her name.

"Boss, my name is Tom..."

"Boss, my name is Jerry..."

"Hello, boss. My name is Spike..."

The top floor, the entire thirty-eighth floor, is where the U.S. News and World Report newspaper offices are located.

It includes a very luxurious and spacious chairman's office, secretary's office area, sofa lounge area, conference room and dining area.

Milo looked at the luxurious decoration of the office, a full set of European-style furniture with white edges and red velvet, noble and elegant, a large crystal chandelier in the middle, three large floor-to-ceiling windows, overlooking the Manhattan area in three directions, the curtains of the floor-to-ceiling windows are all made of exquisite pearl white palace style, fabric sofas, various sculptures, table lamps...

Except for the several blank walls where paintings had been hung before, Mortimer Zuckerman was very sensible and left almost the entire office to Milo intact.

This includes a wide variety of unopened liquors in the wine cabinet and a large box of Cuban cigars placed on the somewhat exaggeratedly large red pine European-style desk.

However, the cabinet next to the desk, which should have been used to store antiques, was empty, and there was also a bookcase from which many books had obviously been taken away.

Milo didn't care about these. After looking at the more luxurious lounge inside, various home appliances, a soft big bed, and a bathroom with a large bathtub, it can be said that it is fully equipped and can be used as an apartment.

"Boss, the heads of various departments are here."

Chris Carey followed behind Milo and spoke after his boss finished watching: "The original editor-in-chief was Mortimer Zuckerman's nephew. After Mortimer left, he wisely chose to leave with Mortimer Zuckerman."

“So, for now, U.S. News and World Report does not have an editor-in-chief.”

"Let them in!"

Nodding, Milo sat down at the head of the oval conference table in the office and spoke to Chris.

At the headquarters of U.S. News and World Report.

Milo stayed until four in the afternoon.

After a few hours, he finally stabilized the morale turmoil caused by the change of owner of "U.S. News and World Report".

It has always been at the bottom of the three major weekly magazines in the United States.

Although it is certainly not as good as Time magazine.

But U.S. News and World Report is actually much better in terms of profitability than the liberal media Newsweek, which likes to commit suicide.

The former has been making losses for many years now, and its debts have even exceeded $100 million.

U.S. News and World Report has always been profitable.

And it has many assets, such as its own editorial building in Washington.

There is also the headquarters building in New York, the top five floors of which are also owned by the newspaper.

In addition, it also has properties in major cities such as Los Angeles, Miami, Chicago and Boston.

All in all, the purchase price of $360 million is not expensive.

The latest novel is published first on Liu9shuba!

These owned properties alone are worth nearly $200 million based on current market prices.

Mortimer Zuckerman seemed to have made a profit by selling U.S. News and World Report for $360 million, but in fact he lost a lot.

Not to mention the newspaper's annual profit of 20 to 30 million.

Just the complete loss of influence over the three major American news weeklies would be a huge loss.

There was nothing Mortimer Zuckerman could do, since he was just a peripheral member of the Boston consortium.

After the core members of the consortium have reached a settlement of their interests.

He can either choose to be obedient and take some money, or make some money.

Either betray the consortium and join others.

But the latter is unrealistic because he is also the owner of U.S. News and World Report.

He is also a famous real estate developer in major cities in New England, such as Boston.

As we all know, there are no large real estate developers on a nationwide scale in the United States.

The influence of almost every real estate developer is limited to those few regions and cities.

If a real estate company dares to develop in other places without the nod and participation of local bosses, then it will just be a delivery boy.

Mortimer Zuckerman's real estate business could not leave the Boston area.

If he chooses to betray, the consequences will be even more serious.

But Milo didn't give nothing.

In addition to helping Boston get a 10% stake in Yahoo.

Paladin Capital, which he personally owns, also exchanged shares with the Boston consortium.

Boston Financial now owns a 28% stake in Silicon Valley's most successful venture capital firm.

Milo got what he wanted and obtained some shares in companies such as First National Bank of Boston and John Hancock Mutual Life Insurance Company.

The reason why it went so smoothly is that now anyone with a discerning eye can see that Silicon Valley is a hot spot.

Boston also wants a piece of the action.

To put it bluntly, it is still a matter of cross-holding and you have me and I have you.

Now I have successfully obtained "U.S. News and World Report".

Just let it develop normally from now on. After all, the cold winter of print media has not really arrived yet.

It will have its last golden period in the next two or three years.

Just don't do what Newsweek did.

U.S. News & World Report is definitely a good company to buy and make money from.

In the evening, on the way back to the Upper West Side apartment.

Milo's motorcade encountered another traffic jam in Manhattan.

This is a New York specialty and you have to try it.

In the carriage.

Milo and Wendy are talking.

"...So, Giuliani did start to crack down on the Mafia and the Nicolas in New York. But he was selective, targeting only those Italians and Nicolas who had a bad relationship with him?"

"Yes."

Wendy looked at the tall and handsome boss next to her.

The fat man told him the information he got after meeting with some New York underground rats this afternoon.

"The Giuliani family itself is actually from Sicilians. His grandfather, Rudolph Giuliani, was once the biggest bandit leader in Sicily and had a close relationship with Don Vizzini, the second-generation godfather of the Sicilian Mafia."

"Rudy Giuliani's father, Khaled Andrew Giuliani, is even Don Vizzini's godson."

"Then Musolini came to power and Don Vizzini was severely hit. The Giuliani family was affected and had to flee to the United States. Rudy Giuliani was then born in Brooklyn and became an American."

"Our New York mayor undoubtedly has a strong Mafia influence. But he has done a good job and has now become a pioneer in the fight against the Mafia."

Wendy paused and continued, "Because I heard that you, boss, had a conflict with Giuliani's nephew. Some guys who were forced into nowhere by Giuliani tried every means to contact us."

"Now, they're willing to do anything to help them escape Giuliani."

After listening to Wendy's words, Milo pondered, his eyes looking out the window at the congested streets of Manhattan.

A few minutes later.

He suddenly said, "Go, find me an expert in this area. I need more information. After all, we have never come into contact with these underground rats before."

"I understand." Wendy nodded.

Gangster expert?

This is not going to be easy to find, Wendy thought.

But since the boss said so, he could only find a way to do it.

Fortunately, he is now Milo's butler, and Milo is now the only heir to the Blackburn family, and the family has opened up all permissions to them.

This is a bit difficult, but Wendy thinks it is possible.

Black gloves, you can always find them if you look for them.

(End of this chapter)