Chapter 766: The True Foundation of the Media Empire (Part 2)
"Tuk Tuk!"
"Chairman, the guest you have made an appointment with has arrived!"
In the office of the chairman of Turner Broadcasting, Ted Turner was holding a pen and writing with a sad face, when a knock sounded on the door, and the voice of his subordinates came from outside, waking Ted Turner up.
Thinking of a previous appointment called Polaris Capital, Ted Turner looked out the door, there seemed to be a few figures, he put away his sadness, straightened his clothes and said, "Please let them in!"
After a while, Xia Yu came in with two subordinates.
Seeing that it was a young Asian, Ted Turner was surprised, but his face was silent.
He didn't know much about Polaris Capital, even if Xia Yu's subordinates made an appointment with him, he didn't have the heart to understand.
Anyway, he has precious time, and he has something to say to his face.
"Hello Mr. Ted Turner, let me introduce myself, my name is Xia Yu, I am a Chinese-American, and I am now the chairman of Polaris Capital. ”
When Xia Yu shook hands with Ted Turner, he introduced with a smile.
This Chinese-American is so young that he is actually the chairman of Polaris Capital?
Ted Turner was greatly surprised, and did not despise Xia Yu's Chinese-American status, but paid a lot of attention to it.
"Hello, Mr. Xia, welcome to your arrival!
Ted Turner said with a smile, then shook hands with Xia Yu's two subordinates and nodded.
"Something?"
"All of them!
"Okay!"
"Jack, have some lattes!"
......
When his subordinates went to brew coffee, Ted Turner turned his gaze back to Xia Yu and asked, "Mr. Xia, I don't know much about your company, I don't know if you can introduce it to me?"
Xia Yu smiled: "Of course it's no problem!"
"Polaris Capital is based in San Francisco, and its main business is to invest in promising companies, which is normal if you haven't heard of it, because the company was founded last month, but it has already made two investments. ”
Speaking of this, facing Ted Turner's focused gaze, Xia Yu said confidently: "One of them, reaching 170 million US dollars, was just completed more than ten days ago!"
$170 million!
As soon as this number came out, Ted Turner's pupils shrank, and he took Polaris Capital seriously, and at the same time, an idea that made him feel unbelievable also appeared in his mind.
Xia Yu said that Polaris Capital's main business is to invest in companies with potential, and he has now sold almost everything he can sell, and several teams have been sold, leaving only the equity of Turner Broadcasting.
Even many of these shares have gone to bank mortgages to grow the company's CNN.
Xia Yu and others came up, did they recognize the cable news network?
The more I thought about it, the more impetuous Ted Turner's heart became.
Fortunately, he knew what the occasion was now, forcibly restored his composure, stared at Xia Yu tightly, and said, "Mr. Xia, your company is very strong, but I don't know what you came to my company for this time?"
After speaking, Rao is Ted Turner who has experienced strong winds and waves, and he is still a multimillionaire, and his heart still rises involuntarily.
It's really because he has been under too much pressure in the past few months, and the big one is about to suffocate him.
It seems that the whole world is questioning him, the world is dark, and he is the only one who walks alone!
This sense of loneliness and abandonment is unbearable for ordinary people, and because of his childhood experience, his temper is more irritable, so his emotions are more sensitive.
Now it is a paranoid energy in his heart that does not admit defeat that supports him to continue fighting.
But if someone stands by his side at this time, even if it's just a pat on the shoulder and a "come on, man, I'm optimistic about you!", it can lift his spirits.
Ted Turner's performance was as expected before Xia Yu came.
Xia Yu smiled slightly and said: "Mr. Ted Turner, in fact, you may not believe what I said, but the truth is so amazing, three days ago, I didn't know you at all, and I didn't know about Turner Broadcasting." ”
Xia Yu's words made Ted Turner frown slightly, but he still listened quietly.
"But three days ago in the morning, I happened to read the newspaper and saw news related to you, and I was shocked by your experience, and what I admired more was your choice and perseverance. ”
"And then there's the cable news network that you want to build, and while no one is optimistic about your actions, I think it's a great business idea, and maybe it's going to open up a new paradigm for the media space!"
"So I'm here, I want to see it for myself and talk to you. ”
The smile on Ted Turner's face could not be concealed at all, and his heart was full of excitement.
He said loudly: "Mr. Xia, thank you for your recognition, you are the first person to recognize me after I made this decision!
"In fact, although everyone is not optimistic about me, thinking that 24-hour news broadcasting is not profitable, and not many people are willing to spend money on boring news programs, I think anything is possible!"
"As long as I build a TV news network, the market will definitely change, and I will always be able to find opportunities!"
"And now the three major TV networks in the United States have dominated the TV market and are strong in all program fields, although my company has developed well in the field of TV stations, but if you want to break through their blockade and catch up with them, you need too much capital, and I can't do it at all!"
"The only thing that still has a chance is the news program that is regarded as a burden by the three major TV networks, as long as I do my best in the field of journalism and create a national cable news network, I will have the space and the foundation to ......."
Ted Turner finally met a soulmate and someone who could have invested in him, and after being depressed for months, he exploded in an instant, gushing about his opinions, quite a sense of rebuke.
Xia Yu listened with a smile throughout the whole process, nodding his head from time to time, perfectly fulfilling the identity of a listener.
In the interval between Ted Turner's dry mouth and drinking coffee, Xia Yu seized the opportunity to say: "Mr. Ted Turner, your ideas are very unique, many of my views are the same as yours, now the domination of CBS, ABC, and NBC is unbreakable, and they have dominated this market for decades, and latecomers who want to enter will encounter obstacles in all aspects." ”
"But the field of news programs is an area where the three major TV networks are not profitable, and they don't get enough attention, this opportunity has always existed, and there are many people who have found it, but the only one who dares to take action and gamble is so far. ”
"I support your action, first create a feature that the three major TV networks can't catch up with, users who like to watch the news will be slowly competed for, even if the news program loses money at the beginning, as long as the users are harvested little by little, there will be a profitable day, and the user accumulation reaches a certain stage, you can open a new channel, and fill it with the income of other programs. ”
Ted Turner nodded heavily: "Yes, I think so too. ”
At this moment, Xia Yu suddenly said: "But the premise is to be able to bear the loss and live until that time." ”
Ted Turner was stunned for a moment, the smile on his face retracted, looked at Xia Yu, and said sincerely: "Mr. Xia, you are right, no matter whether the future is bright or not, you can only have a chance to reap success if you can live until that time." ”
He laughed at himself: "The media and peers outside are still laughing at me for not being able to do anything, and they must be looking forward to the day when I lose money and go bankrupt." ”
Xia Yu immediately said: "Mr. Ted Turner, you have financial deficiencies, I can help you, I am willing to act with you and strive to slap everyone in the face!"
"And to tell you the truth, I also own a news agency, which is now all over the world, and many TV stations and newspapers in Asian countries are my customers, and the news network needs to broadcast the news 24 hours a day, and needs too much news material, so I can greatly improve the shortcomings of the news network. ”
Xia Yu's words made Ted Turner's eyes light up, he didn't expect Xia Yu to have a worldwide news agency, which was really an unexpected surprise.
As Xia Yu said, if a news network wants to stand out, it must at least have enough news, either build its own editorial team, or spend a lot of money to buy it from other news agencies.
But building an editorial team is not a matter of time and a half, and it also requires huge capital, which he can't take out at all, so he can only do it step by step.
As for buying news from other news agencies, it is even more undesirable, the cost is only one aspect, and the most important thing is that the news is not exclusive, and it is difficult to pursue breaking news.
But if Xia Yu is a shareholder of the news network, then the news network can reach a cooperation with Xia Yu's news agency, the cost will be greatly reduced, and you can also get some privileges, and the exclusive news will come!
This kind of huge news resources can greatly reduce the upfront operating costs of the news network, so that the news network can survive the most difficult period and last longer!
With Xia Yu's capital, he also has more strength and energy to fight against the U.S. Communications Commission.
This kind of advantage is too attractive to Ted Turner.
Ted Turner didn't hide it, and took the initiative to invite and said: "Mr. Xia, I think we can talk about cooperation." ”
Xia Yu immediately smiled: "Mr. Ted Turner, then let's start." ”
Next, Ted Turner called several of his capable subordinates, and then began to negotiate with Xia Yu.
Lang has the intention of having a concubine, and he is still in a lawsuit, so he hasn't even gotten the right to use the satellite.
Therefore, Ted Turner is not aggressive on equity, and he is afraid of scaring Xia Yu away.
And he also knows that Xia Yu knows the truth of Turner Broadcasting, after all, under the attention of many media, Turner Broadcasting Company has long been wiped out, and even if he wants to say it, it will not work.
Under these circumstances, the negotiations went extremely smoothly.
Xia Yu and Ted Turner are both people who can make decisions and do everything completely, saving a lot of time, and the two parties quickly reached an agreement.
The next day, the results of the cooperation came out.
Turner Broadcasting Company received a capital injection from Polaris Capital, valuing the company at $40 million, Polaris Capital injected $30 million to obtain a 42.86 percent stake ratio, and Ted Turner will assist Xia Yu in acquiring the equity of other shareholders, increasing Polaris Capital's shareholding to 49 percent, and Ted Turner holding the remaining 51 percent.
The agreement also stipulates that no matter which party wants to sell the shares, they will have the right of first refusal if the price is the same.
In addition, Polaris Capital will borrow another $20 million to Turner Broadcasting.
As a result, Turner Broadcasting will have $70 million or $80 million to build a national news network and a world-class newsgathering and editing team.
As long as CNN succeeds in rising, then Xia Yu's media empire will be greatly strengthened.
And when Ted Turner plans to pursue his dreams in the future, his equity will naturally fall into Xia Yu's hands.
By that time, Xia Yu also has the strength and confidence to hold CNN, and he doesn't need Ted Turner, an American Jew, to be at the forefront.
PS: Dazhang begs for subscription and votes, friends from the outer station, the main station stands at the starting point!