Chapter 132 Conception of a Pan-Entertainment Media Giant

Chris Carey is a senior media person.

His biggest dream was to become the head of a great large newspaper group.

For example, Allen Newharth, former president of Gannett Newspaper Group.

It was under Allen Newharth's leadership that Gannett Newspaper Group expanded rapidly.

For example.

USA Today, the best-selling daily newspaper in the United States, was founded by Allen Newharth.

Today, the newspaper group owns 99 daily newspapers and more than 300 weekly or semi-weekly newspapers in 43 states in the United States, including USA Today, which has the largest circulation in the country.

It is the number one newspaper group in the United States.

But before becoming one of Milo's advisory board members.

Chris is just an executive within Gannett Newspaper Group.

Until he offended the group president, Gray Sciamartto, and made the fourth-generation Gannett boss dislike him.

He was fired from Gannett Newspapers and joined Milo's team after being unemployed for two months.

Now, with Milo Blackburn easily taking over U.S. News and World Report, and later deciding to let him directly serve as editor-in-chief and head of the newspaper.

Chris's former ambition was awakened once again.

The new boss is rich, capable, trusts him, and is ambitious.

A powerful, new newspaper group no longer seems to be an unattainable dream.

Chris also became more motivated at work.

The only drawback is that the boss may be in Silicon Valley.

We attach great importance to the construction of the newspaper website.

Since taking over the newspaper, the boss has placed great emphasis on the construction of the newspaper's website.

Everyone in the newspaper office is well aware of the importance the boss places on electronic subscriptions and the website.

Everyone was discussing privately that the newspaper's Internet department was the boss's own son.

Five photo editors and 20 full-time photographers.

This configuration is almost comparable to that of The New York Times.

Not to mention the large number of submissions from freelance photographers.

Full-time photographers often have to deal with newspaper assignments assigned by picture editors every day. Freelance photographers do not have rigid shooting tasks and are scattered in every corner. Therefore, they are active in wider cities, villages, streets and alleys, covering a wide range of subjects and being able to capture fresh news. When shooting special topics, there is no time limit and they can conduct more in-depth interviews and photography.

The reason why there is such a large team of photographers is related to Milo's idea of ​​running a news website.

He requested that news on the website be reported with photos as much as possible and with less text. If text appears, it is best to be annotations to the pictures.

It is only a matter of time before the print media market will be completely eaten up by the Internet.

This is Milo's point of view.

Chris agreed, but not completely.

"Boss, I know the market for print media is shrinking, but we have to admit that print media will not disappear. When encountering emergencies or major news events, the public will first choose newspapers with a long history of publishing and great credibility to buy a copy and look for answers and opinions in their hands, rather than believing in all kinds of irresponsible speculations on the Internet."

Milo agreed with this point and would do the same if he were in their shoes.

But print media is indeed declining, and competition in the print media publishing industry is very fierce.

It is not uncommon for newspapers in the United States to go bankrupt every year.

If possible, Milo's idea is to own U.S. News and World Report at the same time.

Then buy one or two top-ranked daily newspapers such as the Los Angeles Times and the New York Times.

If we can improve the websites of these newspapers, that will be almost enough.

Because with the rise of the Internet, the landscape of print media is no longer like before, with one or two dominant players in each place, and no one can control public opinion across the country.

The Internet is different, when everyone becomes an Internet user.

An Internet newspaper with the greatest influence can achieve the monopoly of public opinion and information cocoon that previously required several large newspaper groups plus a dozen medium-sized newspaper groups to accomplish.

However, this ending will not come immediately; it will take more than ten years.

This can only be achieved after the mobile Internet truly arrives.

So, actually, print media still has another decade or so to survive, but it will just get worse and worse.

"I agree with you on this point, but daily newspapers are different from weekly ones. They have much larger staff and sales outlets. If we add too many daily newspapers, have you thought about the profit?"

Inside Milo's office on the thirty-eighth floor of U.S. News and World Report.

He looked at Chris and said, "Even if we don't make money, at least we can't lose too much, right?"

"Boss, the influence and credibility of U.S. News and World Report has basically reached a bottleneck. It is one of the three major weekly magazines in the United States."

Chris continued to elaborate:

"Now we just need to slowly establish sales channels in major cities across the United States. The reason we publish additional daily newspapers is to increase our voice. In the American public opinion, our voice is really pitifully small."

"The influence and credibility of our newspaper is definitely much stronger than that of the New York Daily News, which likes to make fake news. It's just that they are a daily newspaper with a very large circulation, and their voice is much greater than ours."

"Boss, you should know how important public opinion is. The role of a mouthpiece newspaper cannot be measured by money alone..."

Chris Carey did not answer his boss' question directly. If he wanted to convince the young boss, he had to use the reasons that could most impress him.

The boss is already the youngest billionaire and he really has no shortage of money.

What young successful people like most is to have someone listen to their opinions and to have a say in society.

I think the boss bought the newspaper in the first place, not only because he saw it as an investment, but also because he wanted to have a say, and he wanted to have a voice for himself! "You have a point."

Milo nodded, Chris agreed with him on this point.

However, Milo's original idea was to just get one or two large daily newspapers.

Chris' idea is to own one or two large daily newspapers.

Then continue to acquire and merge newspapers with great regional influence across the United States.

For example, a newspaper like Pulitzer's St. Louis Express.

The difference is that with the rise of the Internet, the future profit potential of the traditional large newspaper groups that Chris recognizes is very poor.

But now Milo was convinced by Chris.

Chris didn't tell him how to make money.

Chris started directly with Milo's most desired function of influence and mouthpiece.

Because Milo thought, is Gannett Newspapers very profitable?

not necessarily.

When it went public in 1964, its annual profit was only $7.4 million.

By last year, it had become the largest newspaper group in the United States.

Last year's financial report showed that the net profit attributable to the parent was only US$950 million.

This is the largest newspaper group in the United States, and it is still the last glory of print media.

The conditions are very good, but the annual profit is only 950 million.

Even if you add in all the potential profits that are hidden and used to deduct taxes.

It will definitely not exceed 1.2 billion US dollars, which is the first in the industry in the United States.

But the Gannett family doesn't seem to make much money.

In some circles, the voice is extremely loud.

Why did my grandfather lose to Zipperton a few years ago? Except that when my grandfather was in power, he gave most of the benefits to the military-industrial complex.

Also, the Donkey Party has always had greater influence in the media than the Elephant Party.

Gannett stood on the side of Zipton from the beginning and spared no effort in promoting Zipton.

Why do oilmen have such a loud voice in the United States? Except for the deliberate indulgence of Wall Street and the Anglo-Saxon upper class.

Also because they control or influence most of the media groups in the United States.

The media industry is an industry with loud voices but average profits.

Newspapers are the lowest-profit but loudest voice in the media industry.

To give another example: Many times, a very profitable Wall Street tycoon's influence on Washington is not even as great as that of a well-known newspaper owner whose annual profit is only tens of millions of dollars.

Newspapers can sometimes influence whether those in Washington can get to power.

But it's difficult on Wall Street, at least for ordinary Wall Street tycoons.

Thinking of this, Milo agreed to Chris's request.

After all, many people in his family are in politics.

His father, his sister-in-law, and his uncles.

Even Milo himself has thought about cultivating his own spokesperson.

"Michael Pulitzer is interested in selling the Pulitzer Company to me. At that time, I will put the St. Louis Express directly into the newspaper."

"In addition, I will inject $500 million into the newspaper group."

“Chris.”

He looked at himself, Chris Carey, and said calmly, "I hope you can hand in a satisfactory answer by the end of the year."

Chris was overjoyed. He assured in a firm tone, "Boss, believe me. By the end of the year, you will definitely see Paladin Newspaper Group among the top ten newspaper groups in the United States!"

After seeing Chris off, Milo opened the U.S. News and World Report website and started browsing.

He will experience it himself as a user.

I am very satisfied with the simple and clean interface and the simple mode of clicking the next page and directly entering the next news report.

This is the main reason why Milo attaches so much importance to the newspaper website.

The latest novel is published first on Liu9shuba!

In addition to the importance he attached to the Internet, he also wanted to build a platform.

He has now decided to enter the market himself and no longer regard Yahoo as just a tool to make money.

He now wants to see Yahoo as more than just a portal.

He also wanted to make Yahoo a social platform on the Internet.

Become a large-scale pan-entertainment online social platform similar to the American version of Penguin Empire.

In this case, Yahoo needs to have a news platform that its own people can trust.

The website of U.S. News and World Report is more important.

After the two sides were connected, the news push of the social platform used a closed internal loop to lock users in the platform, which is also the model that Penguin has been pursuing in later generations.

Looking at the various comments in the website's Lifetime News special topic, there is actually no difference between netizens in the United States and those in China. There are also many trolls, and they are basically equal in terms of freedom of speech.

“Buzz…”

Milo picked up the phone and looked at the caller ID, and couldn't help but smile knowingly.

The call was from Michael Pulitzer.

The old man was anxious, very anxious.

He was not at all as calm as he was when facing Milo at the party some time ago.

Milo could understand the old man's current mentality.

At that time, Michael Pulitzer probably didn't expect Milo to be so vicious.

I didn't expect Milo to treat money so lightly.

More than one billion dollars was spent.

I just want the mayor of New York to give in.

I just want to conquer those underground rats in New York.

Hundreds of important gang members died in New York in just a few days.

He even went so far as to allow his security company's men to sneak in and see blood.

What else?

Otherwise, do you really think that Frank Cali and his people are so powerful? Frank Cali and his Italians, if they are really that powerful.

They will not be forced into a desperate situation by Giuliani and eventually be arrested and imprisoned one by one.

Speaking of killing.

It is really these elites trained by retired military personnel, special forces, the CIA and the FBI who are so powerful.

This is too unsportsmanlike.

At least these big families and wealthy families in New York.

This is how Milo's confrontation with Giuliani is viewed.

Michael Pulitzer is probably worried now that after Milo has dealt with Giuliani, he will use the same tactics on Pulitzer.

Even if it wasn't so outrageous, the Pulitzer family is not feeling well now.

The New York Post continues to focus on the Pulitzer family scandal.

The public opinion brewing from that special report by U.S. News and World Report is still there.

Other major newspapers saw that Pulitzer was helpless against Milo's tactics.

They are also ready to join the battlefield at any time.

Michael Pulitzer didn't know how much longer he could hold on.

What's more, the Pulitzer family has a more important real estate business.

There are constant troubles now.

If they continue to persist, the situation for the Pulitzer family will only get worse.

Unless... unless as a member of the Oilers.

Other oil consortiums are willing to lend a helping hand to the Pulitzer family.

But that's hard.

One is the oil people, when facing Milo, the rising star in the Ansa Group.

The first reaction of many of the big guys among them is to win over.

What else can we do?

If the confrontation is targeted, what will the other real Anglo-Saxon bosses think? It is still 1996, and it has not been long since the Red Bear fell.

The knife handle of the Anglo-Saxon group is still dripping with blood.

Pulitzer knew this.

Michael Pulitzer also knew that the Pulitzer family was of little importance to the entire Oilers group.

Therefore, the Oilers group would not risk offending Milo and come down to help themselves.

So these past two days, Michael Pulitzer kept calling Milo.

He also asked someone to pass on a message that he wanted to meet Milo.

Milo was depressed for two days, and today he saw Michael Pulitzer calling again.

He smiled and answered the call anyway.

"Hello, I'm Milo Blackburn."

"Hello, Mr. Blackburn. I'm Michael Pulitzer."

"Hello, Mr. Pulitzer. Are you calling me to sell your 23% stake in Pulitzer Company?"

After he finished speaking, without waiting for Michael Pulitzer to speak, he immediately said, "By the way, I have news for you. Your nephew, Pulitzer IV, is the one called Edward. He signed an agreement the day before yesterday, expressing his willingness to sell his 30% stake in Pulitzer Company to me."

On Long Island, inside the Pulitzer family's estate.

Upon hearing the news, Michael Pulitzer took a deep breath.

He thought.

I should have thought of that earlier.

The family has faced so many difficulties these days.

His own hair fell out due to worry, and his son Howard's hair turned a lot whiter due to worry.

The youngest son Hughes ran around busying around for the family's real estate business.

But there was no sign of his nephew, Edward Pulitzer IV.

It turned out that he was stabbing me in the back! Thinking of this, Michael Pulitzer suppressed his anger at Edward's betrayal.

The old man tried to make his voice humble and calm: "Mr. Blackburn, you are right. I am willing to sell my 23% stake in Pulitzer Company. According to your previous offer, I only need 230 million US dollars to get these shares."

Previously, Milo had offered the entire Pulitzer Company a price of $1 billion.

However, the Pulitzer family only holds 53% of the shares of Pulitzer Company.

Based on the $1 billion offer, Michael Pulitzer's 23% would naturally be $230 million.

"But, Mr. Pulitzer, I did give Edward Pulitzer IV 30 percent of his money, $300 million."

"But at the same time, other shareholders of the company learned that I was going to join Pulitzer."

"Many of them expressed their willingness to cooperate with me. So I only need this 30% stake to take over Pulitzer."

"Now it seems that I no longer need your 23% stake."

(End of this chapter)