Chapter 577: No Lunch for Nothing

Because it was not yet the agreed meeting time with Tanzanian officials, Link settled down at the hotel first.

Ojalala found a hotel owned by Chinese quite intimately: "There are many Chinese who come here for business and tourism, and Chinese usually choose to live here when they come here." Although most of the employees are local, they are managed by Chinese and only opened two years ago, so the living environment here is relatively good. ”

The hotel should be built as a four-star business hotel. There is no presidential suite, but there is an executive suite, although it is not as good as the hotel suite where Link used to travel and stay, but the space in the suite is not small. The location is just two kilometres from the city centre. It's quite convenient.

And the cost of this suite for him for one night was only one hundred and fifty dollars.

After helping Link settle in, Ojalala took his leave: "Mr. Hans, I will not hinder you from resting. Please feel free to call me if you need anything. I was staying in the next room. ”

Link waited for him to leave, and first called everyone in the family to report that he was safe.

He put down the phone and took out his computer to surf the Internet. It didn't take long for his phone to ring. The call was from the United States.

To be exact, it was Mr. Jiang from the Meiya Group who called.

He waited for a while before connecting: "Hello Mr. Jiang!"

"Link, I hope it didn't bother you. Even across the Atlantic, Mr. Jiang's voice could still hear the laughter in it. "We Meiya Group plans to hold a shareholders' meeting in three days, I wonder if you have time to attend?"

Link laughed and said, "I probably won't be able to participate." I'm in Africa and I'm not going to be back in the U.S. anytime soon. ”

"That's a shame. I could hear that Mr. Jiang's tone was really disappointed. He paused, then added. "Link, Chinese TV currently needs a fund to promote. I know it's presumptuous, but can you lend another $80 million to Chinese TV?"

Link didn't know where the other party felt good about himself, and he still wanted to borrow money from him.

He pondered for a while and said, "I'm sorry, Mr. Jiang. I can't help with that. ”

"Link, for the sake of the same Chinese, for the sake of your 15% stake in Meiya Group, be sure to help Chinese TV again." "Mr. Jiang is very sincere. "I've decided to pause the expansion of the station, but we can't give up the existing networks, which would cost the station hundreds of millions of dollars. Whether it's me or you, the loss will be great. ”

Hearing this, Link chuckled and said, "Mr. Jiang, I used to hope that someone could look at the Chinese at the same time and help me say a word in the media. Unfortunately I didn't wait. ”

Mr. Jiang seemed to have suddenly lost his voice.

When Hans's low-cost apartment was slandered and maliciously hyped by the media, Chinese TV did not make a sound. Later, the situation reversed, because of the pressure of the six major television networks, it still did not move.

Mr. Chiang was sure that would disappoint Link.

When Link bought a 15% stake in Meiya Group, he made it clear that he wanted to have a place to speak for himself when needed. As a result, the Meiya Group did not consider Link at all when he needed him.

At first, Mr. Jiang thought that Link didn't care, because things passed quickly. Link didn't raise any grievances either. It wasn't until Link's online TV plan was exposed that he learned that Link no longer had hope in Meiya Media.

But Link's previous loan of $200 million was generous. Calling Link this time, he still had a lot of hope. It turned out to be different from what he expected. Link refused, and also presented a fact that he couldn't face head-on.

He was silent for a while before he spoke again, "Link, that's not what I want to see. But Chinese TV is the largest Chinese-language television station in the United States, and if it collapses, the Chinese media industry will be severely hit in the eastern United States. The Chinese have nowhere to speak out, and that is definitely not a good thing for the Chinese in the United States. I very much hope that you can help it again, as if it were a help to the Chinese Americans. ”

When he said this, he was betting on Link's identification with the Chinese community. In Link's speech in New York, he felt that Link should attach great importance to the Chinese community.

Link smiled and said, "Mr. Jiang, the Chinese naturally have a place to make their voices heard. I'm sorry to hear the news that Chinese TV is in trouble. I hope it will come out of the doldrums soon. But I'm busy. We'll talk about it next time!"

Mr. Jiang was a little distracted when he heard the busy tone of the phone. In fact, as far as he is concerned, calling Link this time also anticipates the possibility that Link will refuse. But he still had a fair amount of hope for that. It's just that Link refused without hesitation, and he didn't even owe the slightest euphemism.

In the so-called Hans low-rent apartment discrimination against blacks, he and other shareholders discussed it privately, and finally decided not to help each other. In the end, things turned around, and he wanted his media to open up for Link, but he finally gave up on that idea under pressure from the six major television networks.

Later, when the Benihans Group's good breed was questioned, the attitude of the Meiya Group was "objective". But now it seems that they think it is objective, but Link does not agree.

He knew that there was no point in regretting it now, and that what he needed most now was money.

Chinese TV is expanding too fast and has a large signal coverage, but the viewing market share is less than the operating costs of the entire network. Even if we stop expanding now, we will only continue to lose money.

He now understands that he is overly optimistic.

He thought that the Big Six TV networks would not allow a new one to emerge. But it didn't occur to him that even if it was just a part of the United States, it wouldn't work!

Chinese-language TV stations have great limitations in terms of audience groups, and it is difficult to get the approval of white people. In this case, and being suppressed by much more powerful competitors, running that network will only make ends meet.

If he has enough funds, he may be able to make it to the station's break-even. But the saddest thing is that he has no money.

If they don't raise enough money, they don't know when they'll be able to reach balance. Then he only has two choices, one is to give up that network and cut his flesh to stop the bleeding. But there are huge losses in doing so. He has invested more than $400 million in building the network, but if he wants to sell, he can only sell $150 million at most, and he doesn't even reach that figure.

Another option is financing. But there is also a problem with financing.

TV stations are not those companies that can make high profits, and those who are willing to raise money usually want to get control of the TV station. That was absolutely unacceptable to him.

In addition to those two options, there are other ways he can turn the situation around. For example, open source and reduce expenditure.

But there are no more viewers, and the TV station's advertising can't afford the price, so it's not open source.

Choosing to throttle is equivalent to giving up previous efforts. Let the newly laid network sit there and rot. If he does, his management of the group will also be questioned by other shareholders.

At the beginning, the expansion of the TV station was advocated by him, and it can even be said that he made an investment arbitrarily and forcedly. And now this project is not only facing bankruptcy, but also a drag on the entire Meiya Group. He is now even under pressure to lose the right to operate the Meiya Group.

Before calling Link, he had asked for loans from other banks, but to no avail. Link had been his last hope, but now that hope was gone. He didn't know what to do with the debt crisis.

At this time, Link was talking to Snatong on the phone, talking about the debt problem of American Chinese television.

After listening to him, Snapton asked, "So you think they're in debt?"

"I think so! You know I've lent him $200 million. And I think he also knows that there is no longer the same relationship between me and them as before. If it weren't for the lack of other options, I don't think he would have called me. ”

"I immediately started investigating. But what are your plans?"

"My purpose remains the same. Although he has an online TV station, he still hopes to have a traditional TV station. Traditional TV stations have a relatively fixed viewing group. Moreover, Chinese television in the United States has now laid out signal transmission networks in five eastern states. It's a great resource. "You help me keep an eye on them. Try not to let them raise money as much as possible. ”

"What if they raise money?"

"I am a shareholder and have the right of first refusal to purchase the shares offered. Isn't it?"

Snapton laughed and said, "That would be a loss." ”

"I now own 15% of the shares of Meiya Group, you calculate and see how many shares are equivalent to American Chinese TV." And, of course, the $200 million I borrowed earlier. ”

"American Chinese television has long been effectively insolvent. Although a lot of money has been invested in their signaling network, according to market valuation, it will not exceed $200 million. "A failed investment will not increase the capital of the enterprise much.

"But it's still fine. As much as I wanted to get it, I didn't want it to be broken to pieces unless I had to. ”

Once the TV station collapses, the staff inside is likely to leave. If the main technical personnel are gone, even if he takes over the TV station, he may not be able to find so many professionals suitable for the Chinese TV station.

"OK, I see. Snapton thought for a moment and said. "I'll keep an eye on it, and maybe we can try to reach out to other shareholders. See if they're willing to sell their shares. ”

"Won't that startle the snake?"

"Of course it's possible. But I think if the profitability of the Meiya Group declines and it is struggling, I think someone will be willing to sell those shares. After all, it was just a local TV station and a local newspaper. If they have the money, it's easy to set up another TV station of similar size. ”

Link thought for a moment and said, "If you feel that the opportunity is ripe, you can contact Jiang directly to see if he is willing to sell American Chinese TV." I can pay for it with Mayer Media's shares and those debts. ”