Chapter 1151 Financial Media
"Why didn't you say it earlier?"
"I don't think it's that serious. ”
"Huh?"
"I never wanted to emulate Myspace, Facebook has its own course of development. ”
Donn stared at Mark Zuckerberg, who was full of confidence, and frowned, "You must know that the other party's behavior is already suspected of commercial espionage and anti-competitive behavior, and can be charged." ”
Mark Zuckerberg said neither humbly nor arrogantly: "Silicon Valley only believes in the choice of the times. ”
Don En was angry and funny, "You don't care, do you know, this thing threatens you to be fake, is it true to give me eye medicine? Do you really think that with the current size of Facebook, it is worth such rude behavior on the other side? This is because of the New Globe Group behind Facebook." ”
"Perhaps, but ......," Mark Zuckerberg pouted mockingly, "News Corp is a media empire, there's no doubt about that." It's a pity that they don't understand SNS. ”
“SNS?”
"It's social software and online social platforms. ”
"You're so confident?"
"Myspace is a great blog and is certainly not a king in this field. If News Corp. is going to focus on the content of its blogs and engaging with users, then in my opinion, Facebook doesn't have much of an opportunity. But now, Myspace is making a portal for music and video, it's not SNS, it's media. ”
Don glanced at him, "What about the media?"
Mark Zuckerberg said, "If you're a media...... There are three mountains ahead: Yahoo, AOL, and MSN portals, and it is impossible for Myspace to grab territory in this field. Once developed, the SNS sector will be a strong industry with an annual value of $300 billion, and it is clear that Murdoch is not aware of this. He's a media person, but he doesn't understand SNS. ”
Don sat in Zuckerberg's office, crossed his legs, and said with a smile: "Murdoch didn't get his hands on Yahoo, this is to use the Myspace platform to realize this ambition." MSN has more than 200 million users, but it has not been able to monetize for a long time, and it is not an exaggeration for Murdoch to be optimistic about this market. ”
Mark Zuckerberg shook his head and said: "MSN is too closed and too commercial, while Facebook is aimed at a popular entertainment social platform. ”
Don nodded, "You just have to know it." Mark, you see, no matter what, I'm behind you. My confidence in Facebook is no worse than yours! When Facebook really develops in the future, it will inevitably split up with New Universal. When the time comes, you will be at the helm of Facebook. ”
Mark Zuckerberg smiled a little shyly, "What about News Corp?"
Tang En's eyes narrowed slightly, and he said lightly: "I have my own plans." ”
……
With a current market capitalization of $76 billion, News Corp is an absolute media empire.
The Dow Jones Group has a market capitalization of only $2 billion.
The gap is too big.
News Corp. wants to eat Dow Jones, and as long as Murdoch is determined, it will be difficult to fail.
The Dow Jones is too famous in the financial world, and the Dow Jones index is an important indicator of the economy. The Wall Street Journal, a subsidiary of Dow Jones & Company, is the bible of the financial field.
As Murdoch said, the acquisition of Dow Jones would give News Corp. the last piece of its media business empire.
To bid on Dow Jones with Murdoch?
It's irrational.
In his previous life, Murdoch wrote a check for $5 billion in order to buy the Dow Jones Company!
That's a full 250% premium!
This shows Murdoch's ambitions for Dow Jones and the Wall Street Journal.
Don wasn't interested in interfering.
It's just that he's a little weird.
The traditional newspaper industry is becoming more and more depressed under the impact of new online media. People prefer to pursue free news information on the Internet rather than spending money on expensive newspapers.
Even the New York Times, Washington/The Washington Post, and The Sunday Times have all seen their sales plummet.
Why would Murdoch be interested in the Wall Street Journal in this context?
After investigating, Don discovered the mystery.
The Wall Street Journal is the largest newspaper in the United States, providing the most up-to-date financial news, economic data, charts, and market analysis.
In the financial sector, it is almost monopolistic!
It is not only a monopoly on Wall Street, but also for financial users all over the world.
The Wall Street Journal launched an online version as early as 1993 and became fully charged in 1996.
That's right, it's the world's first paid reading on the web!
Paid content, instead of letting the Wall Street Journal users decline, on the contrary, the number of web users is increasing every year. Today, the Wall Street Journal has more than 6 million subscribers worldwide.
That's the peculiarity of the Wall Street Journal!
It has the world's strongest purchasing power of the group of users, including people in the fields of economics, politics, education, including most of the Fortune 500 managers.
In other words, the Wall Street Journal's user base is all wealthy people. They don't care about the little expense they pay to read, they only care about the best quality financial content that the Wall Street Journal provides.
Unlike sports, culture, entertainment, fashion and other industries, most of the practitioners in the financial industry are the elites of this era, and they are not bad for money!
Different from traditional media in other fields, financial media has stronger user cohesion and payment ability.
Traditional newspapers such as The New York Times, The New York Post, and The Los Angeles Times have been hit hard by the impact of the Internet. As soon as the online versions of these newspapers began to pay for a fee, the number of users immediately dropped by 90 percent!
However, the impact on the financial sector has been minimal.
Even though the sales of the Wall Street Journal in print have declined, the number of users of the online version has increased year by year. Users have just switched from paper media to online media.
New Globe does not have a newspaper business.
Even the publishing industry was sold early.
Although the Wall Street Journal was good, Don didn't think about buying it back specifically to fight Murdoch.
However, after seeing the power of the Wall Street Journal, Don also has a more comprehensive understanding of the financial media.
Financial media is like a professional cable TV station in the field of TV stations!
The payment is high, the content is professional, and the user bonding is strong.
Compared with the media for the general public, the financial media is unique!
Don was moved.
As the world's leading media empire, New Globe Group should have made a difference in the field of financial media.
It can make money for a long time and stably, can absorb the world's top high-end users, and can ...... Go head-to-head with News Corp.!