Chapter 698: Acquisition (Part II)
ps: I'm sorry, my classmates who have been separated by 13 years met and got together for a day, and tomorrow I will make up for today's three watches. Pen, fun, pavilion www. biquge。 info
The New York Times is a newspaper published in New York, USA, first published in 1851, with a long history, noble "blood", and great influence all over the world.
However, being too conservative meant that the world-famous newspaper missed out on two media revolutions.
One was the "television revolution", which Rupert Murdoch did well, and the other was the "Internet revolution", which Naspers CEO Kus Becker seized well.
In both of these historic opportunities, The New York Times made the wrong choice.
It wasn't until 2010, in an effort to reverse the growing weakness and decline, that The New York Times began to explore business models such as online subscriptions.
However, at this time, the New York Times was already like a patient who "went to the doctor", its balance sheet was in jeopardy, and in order to maintain its vitality, it began to sell off its assets and implement a "slimming plan".
In 2012, it sold its 2005 acquisition for about $400 million to IAC for $300 million, and last year, it sold its stake in the Boston Red Sox baseball team to Park Ji-hoon. Because of Park Ji-hoon's boldness, the CEO of the New York Times at the time revealed his intention to sell the Boston Globe to him.
Founded in 1872, the Boston Globe is the largest circulation newspaper in Boston, USA, and was acquired by the New York Times in 1993 for $1.1 billion. Back in 2009, The New York Times had plans to sell the Boston Globe, but only two buyers were interested in buying it. The price given is also only $35 million. Plus the union disturbances. The plan ended up being aborted.
Undoubtedly, the New York Times hopes that the "deep-pocketed" Park Ji-hoon can give a "to-the-point" price.
It's just that the funds were limited at that time, and although Park Ji-hoon was moved, he could only politely refuse.
When he came to the United States at the beginning of the year, he heard that the New York Times was interested in publicly selling the Boston Globe, and after the idea of starting a streaming video site, Park Min-ah and his team began to negotiate with the New York Times.
He fancied. It is the quality resources, talents, and influence of having such a newspaper on his career in Europe and the United States. Now that he has realized the benefits of being the second shareholder of the Boston Red Sox baseball team, he is no longer as marginalized as he once was, and without it, the New York Times would have been unlikely to reveal to him that he wanted to sell the Boston Globe. When he came to the United States before, he also received many invitations to high-level parties.
A large number of resources and excellent talents can provide him with great help in starting a website!
One of the drawbacks of the Boston Globe is its bloated staff, but the union is so strong that it has repeatedly clashed with The New York Times. Forced dismissal of workers. It is the lowest option if some people are persuaded to go to South Korea to work. It is undoubtedly something that benefits both parties.
However, once the host and guest were reversed, the "New York Times" actually opened its mouth and offered a price of $100 million!
Although it is far from the $1.1 billion in 1993, this is already an overflowing price for the current "Boston Globe"! When he first took the initiative to confide in Park Ji-hoon, he had the idea of selling it at a high price as much as possible.
During this time, Ms. Park had been in charge of negotiations with The New York Times, with little effect.
The New York Times seemed to have taken their seat and refused to let go.
Park Min-ah is very angry at the New York Times's behavior of treating her side as a "wronged leader".
"That's it!" Park Min-ah said with a lingering anger after recounting the "hateful face" of the New York Times negotiating team.
It's hard for her.
Since going to school, the journey has been smooth sailing, helping Park Ji-hoon to start from scratch, although the limelight was later covered up by Park Ji-hoon, but she was willing. It's just that the pride hidden in her bones is even more than Park Ji-hoon's! She is extremely dissatisfied with this attitude of the "New York Times."
"The New York Times is like that, stubborn, conservative, like a stubborn country aristocrat!" Park Ji-hoon smiled and reassured her.
There are people in front of and on the left and right, and they don't speak loudly, so they don't have to worry about being heard.
"Where is it so unbearable?" said Park Min-ah after smiling.
The emaciated camel is bigger than the horse, especially in the media industry, and the influence of the New York Times cannot be underestimated!
"Do you have any good ideas, brother?" asked with concern after laughing.
"What good ideas can I have?" Park Ji-hoon shook his head and said, "Let's go meet John first." ”
Park Minya's eyes suddenly lit up, as if she had seen a mist through the clouds.
Although they own a stake in the Boston Red Sox baseball team, their roots in the United States are still very shallow, and although they have received many invitations to events, they are afraid that they are just "nouveau riche" in the eyes of many people.
In contrast, John Henry, a native American and the largest shareholder of New England Sports Ventures, has extraordinary connections, influence, and is still above their still shallow team! In particular, The New York Times Company, the publisher of The New York Times, owns about 15 percent of the shares of New England Sports Ventures.
A simple sentence made things turn around.
"In the end, it's my brother's brain!" Park Minya couldn't help but say.
Don't underestimate this sentence, no matter how simple it is, others don't think about it, he thinks of it, that's where his success lies!
Park Ji-hoon smiled, finished the chicken leg in his hand, and stretched out his hand.
Park Min-ah helped him wipe the junction between his fingertips and his nails before giving him the rest to wipe the rest himself.
"It's not that easy. Park Ji-hoon frowned slightly and said.
He had already called John Henry when he was in Belize, and John Henry seemed to have guessed his intentions. While they tried to keep it secret when negotiating with the New York Times, the New York Times apparently wouldn't do that, and they deliberately publicized it.
John Henry's attitude was ambiguous and elusive.
There's always a silver lining, though.
John Henry was in New York and came to the airport to pick him up.
He was thin, his hair was neatly groomed, his eyes were small, his eye sockets were sunken, his eyebrows were low, he wore a pair of black-rimmed glasses, and his nose was a little long.
"John!"
"Park!"
After meeting, the two hugged gently, looking very enthusiastic and deeply friendly.
"Hello, beautiful Miss Park. John Henry and Park Min-ah also met and greeted each other politely.
"Hello John. Park Min Ah also called him John as a local custom.
"Park, I have arranged a reception banquet for you. John Henry said before getting in the car.
He is very satisfied with Park Ji-hoon!
First of all, a lot of money, and a friendship with Park Ji-hoon, can play a big role in the New England sports venture capital company he controls, at least it can give people a sense of sufficient funds. Moreover, he specializes in sports and has no conflict with Park Ji-hoon's investment company.
Second, Park Zhixun completely delegated authority to the management of the Boston Red Sox baseball team, which made him very satisfied! Previously, Park Zhixun sent an invitation to "Victoria's Secret" in order to repay the favor.
In the end, Park Ji-hoon's age made him want to keep this friendship for a long time.
The reception banquet was arranged in his own villa.
After all the entertainment was over, Park Min-ah was arranged to rest, and the two talked about this incident in the living room.
Park Minya's ability is undoubted, and she has very little vision and foresight. However, compared with Park Ji-hoon, there is still a lot lacking in terms of the overall situation. Even, not as good as some senior managers, who have a wealth of experience that can make up for a lot of talent. Park Ji-hoon knows this, so he has been working hard to train her, arranging for her to visit the company, participate in various negotiations, and investment activities, so that she can combine theory and practice.
It's just that I haven't wanted her to be involved in the intrigue in this circle - there are some contradictions, but this is Park Ji-hoon's true thoughts.
After filling the coffee, John Henry and Park Ji-hoon sat next to each other.
"It's very fragrant!" Park Ji-hoon picked up the coffee, and after taking a shallow sip, he felt a strong aroma unique to coffee flowing into his stomach from his throat, which was very comfortable.
"To be honest, I don't know much about coffee and don't have the energy to research that. Without waiting for John Henry to speak, he continued, "My criteria for choosing coffee are very simple, it matches my taste, and it is good coffee when it tastes good. ”
"Same as me. After chewing on his words slowly, John Henry smiled and said, "I am the son of an ordinary farmer in Arkansas, and I have worked hard for most of my life to get to where I am today. I can't compare to the people at the top, but I've always been proud. However, after getting to know you, I suddenly realized how ...... I was proud of what I was proud of," and shook his head at the end.
"You're complimenting you too much. Park Ji-hoon said, "It's my luck." "If it weren't for the near-miraculous mobile game "Dragon's Maze", he wouldn't know how many years he would have had to work to get to where John Henry is now.
"The times make heroes!" said John Henry, with a little emotion.
Park Ji-hoon couldn't refute it.
"Park, almost all of the United States knows that you want to buy the Boston Globe. John Henry finally got down to business, "There are a lot of people in Boston who support you, but there are also some diehards who oppose it. ”
"Hmm. Park Ji-hoon nodded.
It's a fact.
"I mean, can we two work together?" asked John Henry, after a moment of thought.
Park Ji-hoon raised his eyebrows. (To be continued.) )