Chapter 107: Tooth Extraction

"Beep, beet, beepโ€”" The sound of the phone coming through but no one answering was anxious, and Barry Meyer was holding back the anxiety in his heart as he banged on the table.

It wasn't until a minute later that the voice on the other side of the phone finally came from the other side of the phone: "Hey-"

"Hey, Richard?" asked Barry Meyer, in a low voice, eagerly.

"I'm sorry, I'm Mr. Parsons' assistant, and you're Mr. Barry Meyer, aren't you?"

"Is Richard here? I'm going to talk to him on the phone. Barry Meyer didn't bother to greet these subordinates, but asked bluntly.

"Well, Richard Parsons is in a meeting right now, and there's no way to get a call right away. The answer on the other side suddenly made Barry Mayer feel even more anxious.

He immediately raised his voice and shouted: "You, answer the phone for me immediately, I have something very important to discuss with Richard, if you delay, I guarantee that you will not be able to eat and walk aroundโ€”โ€”!!"

Perhaps stunned by Barry Meyer's roar, he fumbled around the phone for a while before saying, "Hello, sir, your call has been answered in the conference room." โ€

Then Barry Meyer heard a calm voice on the other side of the phone: "Barry?"

Barry Meyer immediately perked up and asked like a question in his heart: "Richard, what the hell is the 'Four-Point Plan'? I heard that someone in the head office is going to split the company, or is it going to be split into four parts?? Tell me, it's not true." โ€

At this time, the opposite of the phone was Richard Parsons, the CEO of AOL Time Warner, as the leader of the Time Warner family after Jerry Levine, and he was also a rare black CEO in the North American business circle, his ability is undoubtedly excellent.

At this time, he was in the conference room, in a meeting with the executives of the Time Warner family, discussing the response to the "four-point plan", and Barry Meyer, who was far away on the West Coast, called before he could think of it.

This is really a good thing not to go out, but a bad thing to spread thousands of miles.

Richard Parsons took the microphone, pinched his brows, and said in a low voice: "Barry, you calm down first, things haven't been finalized yet, don't be so flustered." โ€

Hearing Richard Parsons's words, Barry Mayer, who was on the other side of the phone, calmed down a little, although he was unmatched in Hollywood, but things like the personnel changes of the group's parent company were one of the few major events that could change the situation in one fell swoop.

Not to mention a super event like splitting up the group!

"So, is this true?" Barry Meyer, who calmed down, first wanted to determine the status quo.

"Uh......" Richard Pastonston paused, then nodded and said, "Yes, now the shareholders and executives of AOL want to split the company, and the specific split has been submitted to the board of directors." โ€

"That's ......" Barry Meyer didn't expect the spin-off process to be so fast, AOL has already made a spin-off plan and submitted it to the board of directors.

"Don't worry so much, Barry, although the AOL gang is arrogant, our side is not a fuel-efficient lamp, they want to insist on a spin-off, and we have to ask if we agree. Richard Parsons' calm but strong words reassured Barry Meyer.

"So what's the situation?" Barry Meyer reassured a little and immediately stepped in to discuss with everyone what to do.

This "four-point plan" led by Carl Icahn and gathering the wisdom of many elites is largely similar to the historical case when Carl Icahn "tore apart" Time Warner.

Whether it is the separation of the originally huge and complicated AOL Group into four more professional branches, or the "excuse" for the professional operation of the huge group, it is quite a convincing "disguise".

In addition, the spin-off of the parent company AOL Time Warner can also divide the non-performing assets in order to make accurate investments with investors and shareholders, which is a performance to the investors and shareholders, especially now that the stock price of AOL Time Warner is falling endlessly.

It is said that many major shareholders and institutional investors have been moved by Carl Icahn for this reason, and it is even rumored that Ted Turner, the largest individual shareholder of Time Warner, has signs of being moved, because his original stock worth more than $7 billion has now shrunk to one-fourth or fifth.

This is what has made Ted Turner, who has been in the media industry for most of his life, unhappy.

For example, among the four existing global television networks in North America, in addition to the last Fox, the other three ABC, NBC and CBS were originally a national television network.

Later, under the pressure of the anti-monopoly law, it was broken up many times that the current pattern of the three major public television networks was formed.

And Carl Icahn and Steve Case's spin-off plan in the current situation of AOL Time Warner's stock price is wailing, has indeed attracted the attention of many people, especially institutional investors who hold a large number of AOL Time Warner shares.

The Wall Street activists who originally wanted to build the No. 1 media group in history and integrate the old and new media were beaten one after another by the performance of AOL Times Warner after the new millennium, which can be regarded as a miserable loss.

It would be a good thing if we could really split the potential high-quality capital from the inferior capital in the traditional field through the spin-off.

It's just that for Time Warner Group, which took more than ten years to merge and form, it is not such a good thing.

At the board meeting the next day, Chairman Steve Caseh and major shareholder Carl Icahn issued a statement reiterating that the spin-off plan is a revolutionary solution to the current predicament of AOL Time Warner, and that they will continue to divest the group of non-performing asset sales to address the current huge losses of more than $50 billion.

After Warner Records, in addition to Warner Publishing Group and Time Warner Cable (the cable operator after Comcast) that were listed in the "directory", there was also an unexpected name that appeared in it.

"DC Comics!?Richard, this can't let them succeed!!" Barry Meyer immediately hit the office of his top boss Richard Parsons after learning the news.

DC Comics has been a subsidiary of Warner Bros. Pictures since it was merged into Time Warner Group, although after the fiasco of "Batman and Robin", the treatment of comic movies has plummeted, but the corresponding comics, animations and American drama spin-offs have never stopped.