Rebirth of the Strongest Tycoon

Chapter 766 The real foundation of the media empire

"Tuk Tuk!"

"Chairman, the guest you made an appointment with has arrived!"

In the office of the chairman of Turner Broadcasting Corporation, Ted Turner was looking sad, holding a pen to write and stop, just at this moment, there was a knock on the door, and the voice of a subordinate came from outside, which woke Ted Turner awake .

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 grief, straightened his clothes and said, "Please come in!"

After a while, Xia Yu came in with two subordinates.

Seeing a young Asian, Ted Turner was surprised, but his face remained calm.

He didn't know anything about Polaris Capital, and even after Xia Yu's subordinates made an appointment with him, he didn't have the heart to know about it.

Anyway, his time is precious, and there is something to say face to face.

"Hello, Mr. Ted Turner, let me introduce myself first. My name is Xia Yu. I am a Chinese-American and 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 to be the chairman of Polaris Capital?

Ted Turner was greatly surprised. He did not despise Xia Yu because of his Chinese-American identity, but paid more attention to it.

"Hello, Mr. Xia, you are welcome! Please take a seat!"

Ted Turner said with a smile, then shook hands with Xia Yu's two subordinates and nodded.

"Come on something?"

"Anything! So do they!"

"OK!"

"Jack, some lattes!"

...

When his subordinates went to brew coffee, Ted Turner put his eyes back on Xia Yu and asked, "Mr. Xia, I don't know much about your company. Could you tell me a little about it?"

Xia Yu smiled and nodded: "Of course no problem!"

"Northstar Capital is located in San Francisco. Its main business is to invest in companies with potential. It's normal if you haven't heard of it, because the company was just established last month, but it has completed two investments so far."

Speaking of which, facing Ted Turner's focused gaze, Xia Yu said confidently: "One of them, which reached 170 million US dollars, was just completed more than ten days ago!"

One hundred and seventy million dollars!

As soon as this number came out, Ted Turner's pupils shrank, and he valued Polaris Capital in his heart, and at the same time, an unbelievable thought appeared in his mind.

Xia Yu said that Polaris Capital's main business is to invest in companies with potential, and now he has sold almost everything that can be sold. Several teams have been sold, leaving only the equity of Turner Broadcasting.

Even those stakes, many took out bank mortgages to grow the company's CNN.

When Xia Yu and the others came over, did they endorse CNN?

The more he thought about it, the more impetuous one of Ted Turner's hearts became.

Fortunately, he knew what the occasion was, so he forced himself to calm down, stared at Xia Yu, and said, "Mr. Xia, your company is very strong, but I don't know why you came to our company this time for the sake of what?"

After finishing speaking, Rao Yi Ted Turner has experienced strong winds and waves, and he is still a multi-millionaire, and a heart is still raised involuntarily.

It was because he had been under too much pressure in the past few months, and it was about to suffocate him.

As if the whole world is questioning him, the world is dark, and he is the only one!

This feeling of loneliness and abandonment is something that most people can't bear, and because of his childhood experiences, he has a more grumpy temper, so he is more sensitive.

Right now, it was a paranoid unwillingness to admit defeat that supported him to continue fighting.

But if someone is standing next to him at this time, even just slapping him on the shoulder and saying "Come on, man, I'm looking forward to you!" 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 I said maybe you won't believe it,

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 mornings ago, I read the newspaper by chance and saw news about you. Your experience shocked me. What I admire more is your choice and perseverance."

"After that, there is the cable news network you want to build, and although no one likes your behavior, I think it's a great business idea, maybe it will create a new model for the media field. !"

"So here I am, I want to see it with my own eyes and talk to you."

The smile on Ted Turner's face could not be concealed, and his heart was filled with excitement.

He said loudly: "Mr. Xia, thank you for your recognition, you are the first person to recognize me after I made this decision! I am really honored!"

"In fact, although everyone is not optimistic about me and thinks that it is not profitable to broadcast news 24 hours a day, and not many people are willing to spend money to subscribe to boring news programs, but I think anything is possible!"

"As long as I build a TV news network, the market will definitely change, and opportunities will always be found!"

"And now the three major TV networks in the United States have dominated the TV market and are strong in all fields of programming. Although my company is developing well in the field of TV stations, it requires too much capital to break through their blockades and catch up with them. , 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 news and build a national cable news network, I will have the space and foundation to fight... "

Ted Turner finally met a bosom friend and someone who might invest in him. After a few months of depression, he broke out in an instant, eloquently narrating his views, with a feeling of scolding Fang Qiu.

Xia Yu kept smiling and listening throughout the whole process, nodding from time to time, perfectly fulfilling his identity as a listener.

In the interval between Ted Turner's dry mouth and drinking coffee, Xia Yu seized the opportunity and said: "Mr. Ted Turner, your ideas are very unique, many of my views are consistent with yours, and now CBS, The domination of ABC and NBC is unbreakable, and they have dominated this market for decades, and newcomers who want to enter will encounter obstacles in all aspects.”

"But the field of news programs is a field where the three major TV networks do not make money, and they do not get enough attention. This opportunity has always existed, and many people have discovered it, but those who dare to take action and gamble, so far only you."

"I support your actions. First, create a feature that the three major TV networks cannot catch up with. Users who like to watch news will gradually be competed over. Even if the news program loses money at the beginning, as long as you gain users a little bit, you will eventually make a profit one day. And when users accumulate to a certain stage, they can open new channels and fill them with the proceeds of other programs.”

Ted Turner nodded heavily. "Yes, I think so too."

At this moment, Xia Yu suddenly said: "But the premise is that you can bear the loss and live until that time."

Ted Turner was stunned for a moment, the smile on his face faded, looked at Xia Yu, and said sincerely: "Mr. Xia, you are right, no matter whether the future is bright or not, you can live until that time to have a chance to achieve success. "

He laughed at himself: "The media and peers outside are still laughing at me for being too big, 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, and I am willing to act with you to fight everyone in the face!"

"And to tell you the truth, I also own a news agency, which has now spread all over the world. Many national TV stations and newspapers in Asia are my clients. The news network needs to broadcast news 24 hours a day, and it needs too much news material. 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 a real surprise.

As Xia Yu said, if a news network wants to stand out, at least it needs to have enough news volume. Either build its own editorial team or buy it from other news agencies at a high price.

However, building an editorial team is not a matter of a while, and it also requires huge capital, which he can't afford at all, so he can only do it step by step.

As for buying news from other news agencies, it is even more inadvisable. The cost is only one aspect. The most important thing is that news is not exclusive, and it is difficult to pursue breaking news. How can the news website he created stand out?

But if Xia Yu is a shareholder of the news network, then the news network can completely reach a cooperation with Xia Yu's news agency, the cost will be greatly reduced, and some privileges can be obtained, and the exclusive news will come!

This huge news resource can greatly reduce the early operating costs of the news network, allowing the news network to survive the most difficult period and last longer!

With Xia Yu's capital, he also has more strength and energy to fight the FCC.

These advantages are too attractive to Ted Turner.

Ted Turner took the initiative to invite and said, "Mr. Xia, I think we can talk about cooperation."

Xia Yu smiled immediately: "Mr. Ted Turner, then let's start."

Next, Ted Turner called some of his capable subordinates, and then began to negotiate with Xia Yu.

Lang Youqing and concubine are interested, and now there is still a lawsuit, and even the right to use the satellite has not been obtained.

Therefore, Ted Turner was not aggressive in equity, and he was also afraid of scaring Xia Yu away.

And he also knew that Xia Yu knew the truth of Turner Broadcasting Company. After all, under the attention of many media, Turner Broadcasting Company had long been cleaned up, and even if he wanted to talk about it, it would not work.

In this case, the negotiations went extremely smoothly.

Xia Yu and Ted Turner were both able to act decisively. They completely took the lead, 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 Corporation accepted the capital injection from Polaris Capital, the company was valued at US$40 million, Polaris Capital injected US$30 million to obtain a 42.86% stake, and Ted Turner will assist Xia Yu in the acquisition The stakes of other shareholders increased Polaris Capital's shareholding to 49 percent, with Ted Turner holding the remaining 51 percent.

The agreement also stipulates that no matter which party wants to sell the equity, if the price is the same, it has the right of first refusal.

In addition, Polaris Capital will borrow another $20 million in paid loans to Turner Broadcasting.

As a result, Turner Broadcasting will have seven to eight million dollars to build a national news network, as well as build a world news editing team.

As long as CNN rises successfully, then Xia Yu's media empire will greatly increase in strength.

And when Ted Turner decides to pursue his dream in the future, his equity will naturally fall into Xia Yu's hands.

At that time, Xia Yu also has the strength and confidence to control CNN, and there is no need for Ted Turner, an American Jew, to be at the forefront.

PS: Dazhang is asking for subscriptions and tickets, friends from outside stations, the main station is at the starting point!

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