Chapter 765: A Good Opportunity to Meddle in CNN (The First Update)
In the affluent area of Atherton in San Francisco's South Bay, after Xia Yu finished tai chi, he took out the day's newspaper from the mailbox at the door, and walked along the cobblestone road to the villa while reading.
This mansion is Xia Yu's home in San Francisco, he has just moved in for three days, and he has been in charge of replacing his home by an intermediary company, and before moving in, Xia Yu has been living in a five-star hotel.
Atherton is a well-known affluent area in San Francisco's South Bay, with a variety of infrastructure that makes housing prices relatively high.
The mansion, which covers 1.88 acres (11.4 acres), is considered a first-class mansion in Atherton, and Xia Yu spent $1.7 million to buy it.
However, after moving in, Xia Yu felt that the $1.7 million was worth it, and this mansion would be worth at least $10 million or more in the future.
Xia Yu took a sip of warm milk, picked up a piece of snack and put it in his mouth, and his eyes looked at the newspaper on the table.
At this moment, a piece of news above came into view, Xia Yu's eyes were slightly condensed, and he browsed carefully.
"Crazy Ted Turner! Take the FCC to Court!"
The content of the news is about Ted Turner, the owner of Turner Broadcasting, taking the FCC to court, and also writing the cause and effect clearly, even readers who have not paid attention to the beginning and the end can understand it.
Ted Turner is a well-known media mogul in the United States, who runs TV Atlanta and Channel 17 in the city next door, and his Turner Broadcasting Company is also an advertising giant in the southeastern United States, with a company worth as much as $40 million.
Of course, if you compare the Big Three of American television, Turner Broadcasting Company at this time is undoubtedly a child.
The reason Ted Turner has received so much media attention is because what he has done is unbelievable.
Before 1970, Ted Turner didn't even know anything about television, but he spent $2.5 million to buy the loss-making Atlanta TV station, and after a loss of several million dollars in the early stage, he insisted on developing the TV station, and also took a clear stand against the news, if it were not for the US Communications Commission's stipulation that American TV stations must broadcast news for more than seven hours a day, it is estimated that Ted Turner's TV station would not be able to broadcast a minute.
But it was such an anti-news person, who, at a time when the Turner Broadcasting Company was doing well, suddenly wanted to set up a cable news network to broadcast major domestic and foreign events 24 hours a day through satellite and cable.
The contrast is too great, it is completely turned one hundred and eighty degrees!
Nowadays, it is well known that there is no money at all to do TV news, news programs have always been a public service, in order to comply with the regulations of the United States Communications Commission, while Turner has to do news, and it is a 24-hour rolling broadcast, and there is also a profit, isn't this the biggest joke in the world?
In addition, because of Turner's impatient personality and many sharp criticisms of the media, major television networks and media outlets have ridiculed him to the fullest, waiting to see his failure.
Even within Turner Broadcasting, there are employees who have come forward to accuse Ted Turner of destroying everyone together.
The U.S. Communications Commission's refusal to give Turner Broadcasters the right to use the satellite was an obstacle to the implementation of Ted Turner's idea.
Who knew that Ted Turner was too persistent and took the FCC directly to court, and now many media are paying attention to this matter and the final outcome.
Many people are looking forward to Ted Turner's failure, who has offended too many people in the past because of his irascible personality! Not to mention business competition and the like.
"Ted Turner......
Xia Yu swallowed the snack, took a sip of milk, squinted slightly, and an inexplicable light flashed in his eyes.
Xia Yu, who came from later generations, knew what the future would be for Ted Turner, and there was no doubt that this time, he succeeded, not only agreed to the lawsuit, but also built a cable news network.
And in the end, Turner Broadcasting Company, CNN, also developed into the largest cable news network in the United States, competing with the original three TV network giants.
It's just that in 1996, Ted Turner sold Turner Broadcasting to Time Warner for $7.5 billion.
As for himself, he went to enjoy life, chase his dreams, and play sailing.
Now, at the lowest point in Ted Turner's life, he sold iron and bank mortgages in order to start a cable news network, and put together $35 million to invest in it, and he was on the verge of bankruptcy.
If he loses the lawsuit with the FCC, then Ted Turner will have nothing left and will have to lose everything!
The media questioned him, his peers ridiculed him, there were many internal contradictions, and there was suppression from the American Communications Commission, all kinds of pressure pressed on him, and he had no way back!
"At such a time, if there is someone who can support his idea and carry it with him, he must be ecstatic!"
"I like to do the most in the snow!"
Thinking of this, the corners of Xia Yu's mouth hooked up a touch, and he had decided to go to Atlanta and give Ted Turner loving care.
Since he wants to carry it with Ted Turner, if Xia Yu does not invest in his company, it will be completely insincere!
It just so happens that his media empire should no longer be limited to the field of paper media!
After eating breakfast, Xia Yu drove to Polaris Capital, and then ordered someone to collect all the information about Turner Broadcasting Company and Ted Turner in two days.
Driven by capital, all the things Xia Yu wanted were presented in front of him.
After reading it, he took a few subordinates and flew to Atlanta.
......
Located in the eastern part of the United States, on the plateau of the Appalachian foothills at an altitude of 350 meters, Atlanta is one of the three major highland cities in the United States, the ninth largest metropolitan area in the United States, and the capital and largest industrial and commercial city of Georgia in the United States.
Founded early in the last century and still existing as a railroad junction, Atlanta was destroyed during the Civil War but quickly rebuilt after being chosen as the capital of Georgia.
This place, the birthplace and main activity of black leader Martin Luther King Jr., naturally became the center of the American civil rights movement in the sixties.
In addition, Atlanta is also home to the top 10 richest people in the United States, with many billionaires living in excess of 10 million dollars.
Atlanta has a humid subtropical climate with four distinct seasons, and it is the fourth month of the solar calendar, which is a good season for travel.
When Xia Yu arrived in Atlanta, the air quality was high with vibrant flowers, green grass and green forests.
Xia Yu is a senior member of the Hilton Hotel, and naturally stayed at the Hilton Hotel when he came here, and then sent his subordinates out to understand the actual situation of Turner Broadcasting.
Although a thick stack of information has been collected, the information is time-sensitive and may not be 100% accurate now.
Luckily, Ted Turner is a celebrity in Atlanta, and it's easy to inquire about his whereabouts.
After reading the information, Xia Yu was a little relieved, and planned to rest today and go directly to the door tomorrow.