American Scandal King

Chapter 175: Selling the Newspaper Business
"Extra number! Extra number!"

"Alexander Jenkins spent the night with ABC Vice President Jaron Waxim. Is there any profiteering between the Academy and ABC?"

Shortly after the elevator scare, another piece of bombshell news came out.

This time, a heavyweight in the Academy Awards was linked to an executive of ABC News, causing CBS, which was seeking the broadcasting rights for the Oscars, to publish news about the matter in a series of articles.

Once this news comes out, it will undoubtedly make it much more difficult for ABC and the Academy Awards to renew their contract.

The other old men in the academy would be angry: Why am I not getting any benefits?
So, romantic news is not just gossip, it can also play a big role if used well.

Ian likes this kind of business method achieved through breaking news, at least it kills two birds with one stone - those business methods achieved by not breaking news will only help the growth of his own media to a limited extent.

With the news coming out, and Ivo Clemens also securing Danny Charing, the matter was quickly passed.

CBS accepted the offer from the Academy Awards and acquired the broadcasting rights for the next ten years with a signing fee of $12 million, and a share of the profits based on the ratings.

The acquisition of the Oscar broadcasting rights caused CBS's stock price to surge instantly.

Even the Gannett Group was tempted by it: Ian Carr is so awesome, his revelations will be beneficial to business operations.

The shareholders of the Gannett Group also need to hide their interests. But if you are tied to Ian Carr, you don’t have to worry about him exposing your negative information. If the relationship is better, you can even gain benefits from him - although Ian Carr’s ruthless methods in the business world have been reported, at least he didn’t stab his friends in the back.

Even if the Dubang Group was only slightly dissatisfied, the Times did not depreciate, it was just that the increase was not enough to meet the Dubang Group's expectations. Compared with the vast majority of guys who like to betray their teammates, Ian is already very good.

Simply put, although the Gannett Group cannot gain any benefits from this transaction, the hidden interests represented by Ian's methods are unlimited.

So even if you suffer a loss in an open transaction, you have to do it!
Under these circumstances, the Gannett Group quickly reached a deal with Ian.

They agreed to Ian's conditions and were willing to pay Ian 15.4 billion and give Ian 15% of the group's shares, making him a member of the group. Ian Carl's share income would not be affected by the debt of the acquisition by the Gannett Group.

At the same time, the Gannett Group also acquired the 2.4% stake of the Dubang Group for 30 million. The Dubang Group paid this money plus 1.35 million to Ian Carr, and obtained 10% of the Gannett shares from Ian Carr and handed them over to Ian for holding. For this, Ian also made some promises to Dubang, including that every major news must be accompanied by Dubang Group's advertisements.

The Dubang Group has become smart. They also know that newspapers will not continue to thrive, so they simply target you, Ian Carl... No matter what you do, you will not lack news!

At this point, Ian only retained 5% of Gannett's shares, but his equity was 15%.

After the merger, Ian not only acquired shares in the No. 20 newspaper group in the United States, but also earned nearly $ billion without spending any money.

This major newspaper industry integration also widened the gap between the Gannett Group and all other newspapers: they owned the top three newspapers in the United States, becoming the true first newspaper group.

But some are happy, while others are sad.

………………

Ron Lloyd was heartbroken.

As an old man who has worked at the Pioneer Daily for many years, he is full of affection for this newspaper.

When Ian was a bastard, the old man was worried about the future fate of the Pioneer, until Ian rose to prominence and he began to get excited about it all.

But he didn't expect that Ian, a second-generation rich man, would destroy the Pioneer Newspaper, and Ian, a business genius, would also destroy the Pioneer Newspaper.

He actually sold it!

He sold off the business he started without any emotion!
How could he bear to do that?
Doesn't he have any feelings?
But this is what capitalists are!
In less than two years, Ian developed the Herald into the top newspaper in the United States, and its profitability became the industry leader!

The profits of major newspapers such as the New York Daily, Sing Tao Daily, Washington Post, and Wall Street Journal are far inferior to those of the Pioneer Daily, and some major newspapers are even making losses!
Then Ian sold it without a second thought!

They sold the cubs without any emotion or nostalgia!
"Don't worry, I've made an agreement with the Gannett Group that you will still be the editor-in-chief of the Pioneer."

In the office, Ian comforted Lloyd.

Lloyd smiled bitterly. He knew how meaningless such talk was.

Those guys at the Gannett Group are not soft-hearted people either. The Gannett Group's operations are known for mediocre news and frugality.

They make money by controlling costs, and then create news through volume... They are the kind of people who use their channel advantages to hype worthless news into big news.

A business model like this will definitely lead to ruthless layoffs after taking over, getting rid of all those they consider redundant. If they don't want to be laid off, they will accept a pay cut.

They might even hollow out the Herald like Ian Carr did to the Hingkollen Zeitung!!!
The only difference is that Ian Carr doesn't care... He has never regarded the Pioneer as his own child, but only as a tool to help him achieve success in life.

As for myself as the editor-in-chief, I don’t think I will be able to hold the position for long.

Not only him, but also Israel from the Times.

They'll all pack up and leave.

But he couldn't say that yet. He could only look at Ian sadly and said, "The Pioneer still has room for growth. You don't have to be so anxious."

Ian sighed, "Don't try to make the last penny, Ron. Everyone knows the Herald still has room to grow, so it sells well. But when it really reaches its peak one day, you'll find you can no longer sell it... Now is the best time!"

He gave Lloyd a hug and said, "If Gannett really lays you off, remember there's still room for you at LANN."

The old man sighed and shook his head. "I'm used to scripts, not TV news. Maybe it's time for me to retire."

Looking at the old man's sad face, Ian was speechless for a moment.

He suddenly began to understand why some people started slaughtering old officials after coming to power...

In a sense, he was also slaughtering the old ministers!
In the end, all he could do was say, "If that day ever comes, I'll have Gannett Group give you a generous severance package, and as long as you're willing, there'll always be a place for you at Carl Media...TV news also has text content."

If Ian doesn't want to be Zhu Yuanzhang, he can only choose Zhao Kuangyin. It is better to release military power with a cup of wine than to slaughter meritorious officials.

Compared to Lloyd's sadness and despair, Dill Chandler felt much better.

He is still young and has strong adaptability. More importantly, he knew Ian's plan last year, so he has been adapting to the new environment and working very hard on LANN.

In the past period of time, Ian didn't pay much attention to LANN, and LANN was basically built up by Dill Chandler.

Not bad.

So Ian has promised to give Dill Chandler some LANN shares next year.

After comforting Lloyd, Ian sat in the office and looked outside.

The Herald has been sold, and its headquarters here will also be moved. What will take its place will be LANN, the Los Angeles Television News Network.

The old goes, the new comes!
A new media empire will grow comprehensively.

This media empire will take media as its core and investment as its auxiliary, and will continue to penetrate the United States and even the world...

In addition to reaching a cooperation with the Gannett Group, Ian also reached a cooperation with the Trump Group.

In addition to the original conditions, the Trump Group will also work hard to help him attract various big clients - real estate developers have quite a few big clients!
In the past half month, Ivanka has completely surrendered to Ian.

You can do whatever pose you want.

In her heart, Ian Karl is the most important.

(End of this chapter)