American Fortune Life
Chapter 1283: Smith Newspapers Real Estate Supermarket (58/69)
“Boss, McLarch Publishing Group was founded in 1857. It is the second-largest newspaper group in the United States, with a total daily circulation of 3.3 million copies from 32 daily newspapers. Until the 1990s, McLarch was expanding and acquired local newspapers.
In June 2006, McLarch annexed the Knight Ride newspaper group, which had been at the head of the American newspaper in the 1970s, using the method of "snake swallowing", but this merger failed completely.
In fact, after 2005, the stock price of the McLarch Newspapers Group continued to fall from a high of more than $70 to about $3. ”
Situated outside the Miami Herald newspaper building in Biscayne Bay, Miami City, in a motorcade by the road, Andy's subordinate in charge of the acquisition negotiations gave a quick briefing.
Andy, on the other hand, looked out the window at the newspaper building, his eyes tinkled, and he looked with interest at the golden area surrounded by an invincible view of the sea.
“McLachy Newspapers has announced several massive cuts in less than a year, cumulatively cutting more than 4,000 jobs, more than a third. ”
“What about the Miami real estate market now? ”
Andy's lack of interest in McLarch's situation is a centralized response to the downward trend in the press for the acquiree in this acquisition. At the same time, the McLarch Group, which appears to have emerged in a win-win position, also appears to have shown a path for troubled newspapers.
However, for Andy, the so-called win-win, the truth is that he just won the other two times, at a $260 million acquisition price, making the 14-acre Ocean View Building and the 105-year-old newspaper what he had in his pocket almost worth a century-old newspaper.
“The Miami real estate market is currently very bad, with very low land and house prices... ”
“Really?” Andy touched his chin, rethinking, and said to the driver, "Circle around! ”
“Good boss. ”
Andy looked at the land around the Miami Herald building, and he couldn't help but be interested. He knew more than anyone that the financial crisis, the successful dumping pot in the United States around the world, had ushered in a period of rapid recovery in the domestic economy. Not only was the financial economy favourable, even real estate, had reblown a bubble, but the land in the golden area soared a few times, a dozen times, to current prices.
Andy doesn't go into real estate, which is an overly long business cycle that really doesn't appeal to him, but it doesn't prevent him from hoarding land at the lowest valley of real estate, and there's a real estate team in his think tank that's looking for gold plots to hoard land in major cities across the United States. In California alone, landscaped land hoards more than a dozen plots to over a thousand acres.
Andy has spared no effort to prepare the 'Super Gift Bag' for them to come to the door in anticipation of the expansion of the Tian Dynasty, all he needs to do is wrap his napkin around, pick up his knife and fork, and open it with a brilliant smile!
“After completing the acquisition tomorrow morning, let the real estate team start the real estate acquisition around the newspaper building, I want this area! ”
Andy reached out and pointed at the newspaper building outside the window and painted a circle in the air, and the men next to him immediately understood what Big BOSS meant. The building was worth more than the newspaper itself during the acquisition negotiations, and it was also the bottom gas that the other party chewed on for less than 260 million dollars, even if the real estate bubble ruptured, land in golden areas like Miami could not fall to cabbage prices.
Looks like these reporters are gonna have to move!
House, who was in charge of the acquisition negotiations, lamented that according to the boss's urine xing, the land in the area would definitely be cashed at the right price.
Against the backdrop of dramatic changes in the media ecological environment, the hurricanes of the economic crisis swept the traditional newspapers' flourishing territories, leaving them devastated. In the face of declining performance and sharply shrinking advertising revenues, Big BOSS still dares to go backwards, don't think he's confused or bragging about media sentiment.
Big BOSS knows more about the dilemma of the paper media than anyone else, just because the newspapers he bought had enough assets to get him cashed back in, and the credibility and influence of those newspapers, while also valued by Big BOSS, really only Big BOSS knows how much.
It was also in the next few years, when Andy opened the newspaper building and surrounding real estate, went wild, and made all the media feel silly and emotional that the building was more valuable than the newspaper, the outside world understood the strategic vision of the ‘business genius' and sent the nickname 'Smith Newspaper Real Estate Supermarket’, which of course was the last word.
Andy doesn't give a shit about the outside world. As his wealth accumulates, he understands an important investment philosophy, which is middle-class investment, and the rich get richer because their investments are quick to see returns or can be easily cashed in.
Mapletown Miami Beach.
A black yarn loose dress, just above the tun perimeter, highlights a slender tui of wheat Adriana Lima, flaming red lips, with a pair of large triangular sunglasses and a black satchel in her hand to walk out of the room.
“Are you going out? ”
In the hotel hallway, Lima ran into Alexander and Duchen, who were walking in front of each other, and heard Alexander ask, and Lima nodded with a smile: "Have dinner with a friend. ”
After a brief chat, Lima walked up to the elevator with her bodyguards, while Alexander and Duchen looked at each other with a deep smile. For Adriana Lima and Andy Smith, they would not believe that it was just a scandal. After all, everyone made about the same amount of money, they were running, they were yachting, and they were accompanied by two female bodyguards, which was not a luxury that they, the Vimi angels, could easily enjoy.
It's just that everyone can't declare their feelings. Of course, if you don't envy them, that's impossible. Only these supermodels know best. Once they get off stage T, how to handle this good leather bag is of the utmost importance!
To some extent, PK can enter the supermodel circle already on the stage of the first ladder of life, how to get a new place before the old color decline, YOUWU each has their own moves, some people go on the acting route with their personality, some people rely on the merchant to play the glory in the mall, some people eventually marry into the hawk, of course, some people become the fireworks of the flower, some people go wrong.
Ding!
The elevator door opened, dressed in a purple red nightgown, and Miranda Cole, who was only wearing a bikini, was in front of Lima, and the two were merely a gesture of a guest's smile, without even communicating.
This is not because Lima found out anything, but because Miranda Cole is a very bad person in Wimmi, anyway, Lima doesn't like her very much, the sweet smile on her face is always so fake, proper heart bitch one.
Well, Lima admits, in fact, keeping a secret one is all about the machine bitch...
The elevator door closed, the sweet smile on Miranda Cohle's face dissipated, the beautiful eyes on the doll's face slightly squinted, looked back at the elevator, the corner of her mouth revealed a cold smile, she naturally got Andy Smith's text message, knew he was in Miami, saw Lima leaving, of course she guessed that this bikini was going to deliver to the door!
However, thinking about inviting people to a party on her yacht before Adriana Lima, the fire of jealousy in her heart could not help but rise. I really don't know how this bikini, how to kneel tian, could make Andy Smith so fond of her.
The expression was a little gloomy, Miranda Cole, with her silver teeth biting, returned to her room, taking off her robe, throwing off her bikini at will, walking into the bathroom, opening the shower to rinse the water from her body, looking in the mirror at her delicate body, her eyes glittering, and thinking about how to capture Andy Smith.