Zhang Zhonghua feels that if his business, Sing Tao Newspapers, is listed, it will definitely become a Fortune 500 company.
It is now the end of 1971, and the newspaper field still has 25 years of golden development, at least, and the wave of newspaper bankruptcies only started after the rapid development of the Internet in the 21st century.
Zhang Zhonghua planned that by the 1990s, Yuhuang Xingdao, the Asian Associated Press and the Yuhuang Group could jointly establish a news website, and the newspaper could also move from offline to online, becoming the world's largest Internet news group.
In the future, when smartphones arrive and Toutiao can be established in each country, the Jade Emperor Group will always be able to control the global media field.
"Ms. Hu, please introduce to me the situation of newspapers first. How many newspapers has the company acquired now, and how many employees does it have?"
Zhang Zhonghua asked Hu Xian curiously.
"Now Yuhuang Xingdao Newspapers has more than 300 newspapers, and the number of direct employees under the company exceeds 40,000.
The newspapers acquired by Japan include "Yomiuri Shimbun", "Osaka Shimbun", etc. The daily circulation of "Yomiuri Shimbun" is about 9 million copies, and the Yuhuang Daily is about 4 million copies. Together with other newspapers,
Daily sales in Japan reach about 16 million copies.
The newspapers acquired by John Bull include The Times, The Sun, etc. The Times has a daily circulation of about 7 million copies, the Sun has a daily circulation of about 8 million copies, and John Bull has a daily sales volume of
With around 24 million copies, John Bull's "News of the World" and "Daily Mirror" are currently considered second-rate newspapers.
The newspapers acquired by the Gallic Kingdom are mainly "Gaul Evening News". The daily circulation of Gaul Evening News is now about 1.6 million copies, and the daily circulation of our Jade Emperor Daily is about 1.9 million copies.
The daily sales volume in Gaul reaches about 8 million copies. Currently, the sales volume of Gaul's "Le Monde", "La Croix" and "Le Parisien" are still good.
The newspapers acquired by the German side were mainly the second-rate newspaper "Bild".
Italy and Spain have also purchased some newspapers, and the sales are good, but they can't compare with the John Bull newspapers in Gaul.
The newspapers acquired by Europa are mainly second-rate newspapers that have been published for more than ten years. John Bull, Germany is a big country in terms of newspaper sales, and now newspapers are basically all over Europa.
The newspapers purchased by America mainly include "New York Times", "Angel Times", "Boston Globe", etc.
We also created "America Today" and "Wall Street Financial" daily.
The entire America newspaper has a daily circulation of about 46 million, making it the largest newspaper market in the world.
The Maple Leaf Country, the Samba Country, and the Cactus Country also purchased some newspapers, but due to the population and newspaper market issues in the countries where they were located, sales were not large.
We also have absolute dominance in North and South America.
In the Middle East, we have successfully entered Iran, Afghanistan, Iraq, Syria, Jordan and other countries.
In Africa, we have mainly entered South Africa, Congo, Angola, Sudan, Libya and other countries."
Zhang Zhonghua was also secretly shocked when he heard this.
The ten most influential newspapers in the future world are: America's "Wall Street Journal", "America Today", "New York Times", Japan's "Yomiuri Shimbun", "Asahi Shimbun", John Bull's "
The Sun, The Times, Bild in Germany, Le Monde in Gaul.
Not to mention that "America Today", "New York Times", "Yomiuri Shimbun", "The Sun", "The Times" and "Picture" have been acquired by Yuhuang Xingdao Newspaper, it is "Yuhuang Daily"
》It is also the newspaper with the largest circulation in the world. This influence...
If the future Rupert Murdoch of News Corporation knew that his future was robbed by Zhang Zhonghua, he would probably faint in the toilet.
Now that the newspaper monopoly market has basically been formed, Murdoch's launch of a few satellites will have no effect.
"What is the current global circulation of Yuhuang Xingdao Newspaper and the company's revenue status."
Zhang Zhonghua asked.
“Yuhuang Xingdao Newspaper Company has more than 300 newspapers, with an average daily newspaper circulation of about 300 million copies;
There are more than 100 weekly magazines under its umbrella, with monthly sales of about 80 million copies.
The company's profit averages more than 4 million dollars a day, of which advertising revenue accounts for about 80%, and the rest is the newspaper's own income."
Zhang Zhonghua was still a little surprised after hearing this. The profit for this year was almost 1.4 billion, and the advertising fees will only get higher and higher in the future. He paid too little attention to the newspaper company.
If Yuhuang Xingdao acquires a few TV stations in the future, it will become a giant in the media field, and its wealth will increase in the future.
Zhang Zhonghua felt helpless when he thought of the Asian Associated Press. If Yuhuangxingdao Newspaper continues to develop like this, the Asian Associated Press will be merged into Yuhuangxingdao Newspapers sooner or later, forming a complete industrial closed loop.
Yuhuang Xingdao Newspaper will definitely launch satellites in the future, and the time has come when the Asian Associated Press must be split up. Zhang Zhonghua seems to have outgrown the Asian Associated Press news organization, which is too big.
"What's the current debt situation of Yuhuangxingdao Newspaper?"
Zhang Zhonghua asked.
"Yuhuang Xingdao Newspapers spent a total of about 300 million U.S. dollars to acquire newspapers around the world. The current debt is only 120 million U.S. dollars, and the debt ratio is very good."
Lin Xingzhi said.
"It's indeed good. The Yuhuangxingdao newspaper industry has been completely formed, and now there are no problems with level 5 advertising."
Zhang Zhonghua said with a smile.
Zhang Zhonghua originally formulated five levels of advertising.
The first level, the world's top advertising, targets the world's top multinational giants;
The second level, continent-level advertising, global multinational giants can choose five continents to place advertisements;
The third level, regional advertising, multinational companies can choose to advertise in Southeast Asia, Japan, South America, North America and other regions;
The fourth level, national advertising, is of course those giant companies advertising in a certain country;
The fifth level is almost provincial-level regional advertising.
"We now have the sixth level of advertising, which mainly targets cities. For example, Hong Kong Island and New Zealand belong to the sixth level of advertising."
Hu Xian said.
Although the new country is a country, it is too small, so it can only be planned to move up to level six. In the future, when the economy and population increase, it will definitely be upgraded.
"It's very good. It can be continuously adjusted according to the actual situation and keep pace with the times."
"Boss, should we also set up a "Today" daily newspaper series, just like "America Today", one for each country?"
Lin Xingzhi said with a smile.
"Yes, you can decide according to the situation of each country. The positioning of Sing Tao Daily in some countries is similar to that of "America Today"."
Currently, only some countries such as Java and America's opposite camp cannot enter the Jade Emperor Star Island newspaper.
"Well, you are very powerful. The development of Yuhuangxingdao Newspaper has exceeded my imagination. Now the global influence of Yuhuangxingdao Newspaper is beyond doubt.
However, the Yuhuangxingdao newspaper industry has developed to the point where it is no longer fully controllable by us, and we must take countermeasures.
So now let’s talk about the main topic of our discussion today, which is the listing of Yuhuangxingdao Newspaper. Only when Jadehuangxingdao Newspaper is listed on the global stock market will the governments of various countries not be too worried and attack us.
We need to introduce the world's most influential wealthy families and plutocrats to become shareholders to protect the Yuhuangxingdao newspaper industry. Of course, it would be better if state-owned capital from those big countries enters, which will save a lot of trouble.
Everyone knows the benefits of going public. With the support of global investors, we can enter some relatively closed countries."
Zhang Zhonghua also sighed deeply. The development of Yuhuangxingdao Newspaper has gone too far, and the time has come so soon that it has to go public.
"Sheng Zhang, the New York Stock Exchange and the London Stock Exchange among the three largest stock exchanges in the world are fine. The Dongjin Stock Exchange in Asia..."
Hu Xian is very depressed. There are now three stock exchanges on Hong Kong Island, but the stock market on Hong Kong Island is too small to support Yuhuangxingdao Newspaper. However, she is still reluctant to go public in Japan.
Unwillingly.
Everyone in the conference room also smiled bitterly. Hong Kong Island is not a big place, but there are many stock exchanges. It is really troublesome.
"There is nothing we can do about it, but Yuhuangxingdao Newspaper Company must be listed on Hong Kong Island. Stock trading in Asian countries is a little easier there. What is the approximate market value of Yuhuangxingdao Newspaper Company?"
Zhang Zhonghua asked.
"The current valuation is about 6 billion dollars. We will invite well-known accounting firms around the world to do the calculation. It will take at least three months to do the calculations before we can fully calculate it."
Hu Xian said with a smile.
At the beginning, the market value of Sing Tao Newspaper was only over 300 million Hong Kong dollars. Now the market value of the shares has increased by more than a hundred times. If Jade Emperor Sing Tao Newspaper is listed, she can also join the ranks of the top richest people in Southeast Asia.
This market capitalization can basically beat the new ECRL in an instant, and its valuation is only about five times the price-to-earnings ratio.
The future market value of Yuhuang Star Island will inevitably reach hundreds of billions of dollars, but by then the shares will have been diluted to an unknown extent. It is estimated that Zhang Zhonghua’s 20% will not be reached.
“The future market value of Yuhuang Xingdao Newspaper is definitely promising, but for listing in three places, at least 45% of the shares will be required.
Each of the three places will list 15% of the shares. We will pay dividends or issue additional shares later depending on the situation. We will also dilute the shares together.
News media is still very special, and some shares are best subscribed by state institutions."
Zhang Zhonghua said.
“America’s side is relatively easy. We can introduce civil servant retirement funds, pension funds, education funds, etc.;
On the Europa side, we can mainly introduce some fund organizations from John Bull, Germany, and Gaul;
Asian funds can also be introduced to Japan.
As long as the number of shares circulating in the local market reaches about 8%, there will be almost no problem if we can reach a safe control of 34%."
Lin Xingzhi said.
"As long as the 34% safety control line can be barely reached, there should be no problem in completing the listing in the three places in the first half of next year, right?"
Zhang Zhonghua asked.
"It's not a big problem. It's more convenient to list on the three places. You can list on the London Stock Exchange and the New York Stock Exchange first. The interval is about half a month.
There is no problem in adjusting the issue price of the stock. Yuhuangxingdao Newspaper does not need too many listing underwriters, just invite a few.
As the leader of the newspaper industry and a subsidiary of the Yuhuang Group, the newspaper company’s listing is welcomed by global investors.”
Lin Xingzhi smiled and said that he never worried about whether he could go public.
Everyone also laughed. There is no need to worry about not being able to sell the shares of Yuhuang Xingdao Newspaper. There is definitely no problem if the amount subscribed exceeds 200 times. Yuhuang Securities and Yuhuang Bank can completely handle the underwriting work.
.
"There is nothing to worry about at Yuhuang Xingdao Newspaper. Even if the company is listed, it is estimated that no institution will have the confidence to acquire or short the company's stock. Let's take a break for half an hour and continue the meeting later."
After the senior management of Yuhuang Xingdao Newspaper left, only Zhang Zhonghua, Hu Xian, and Lin Xingzhi were left in the office. The remaining three people chatted behind closed doors.
"Now let's talk about shares and options. Let's talk about options first. How much is appropriate? How to allocate them?"
This chapter is not over yet, please click on the next page to continue reading! Zhang Zhonghua said.
"The 20% option we discussed early on is definitely inappropriate. First of all, the amount is too high and cannot be distributed. Secondly, the company's equity is too low after dilution. I think 10% is more appropriate."
Hu Xian said.
"Then the two of us will jointly contribute 10% before going public. The options for the group's senior management and the heads of each newspaper will be obtained through working years. What is the appropriate price for the management of each newspaper?"
Zhang Zhonghua asked.
"50% off the average issue price, you must continue to work for three years, and those who leave in the middle will be set up a few more levels."
Hu Xian said.
Zhang Zhonghua is still very satisfied with this opinion. It is definitely not okay to give it away for free. Only those who have received the options and run away are still playing tricks.
Zhang Zhonghua’s trust fund holds 70% of the shares, and after dilution of the one-time option, he still has 63% of the shares. If listed in three places, the shares will also be diluted to 28.35%;
If Hu Xian's shares are diluted twice, the shares will reach 12.15%.
It is good for the two of them to hold more than 40% of the company's shares. In the future, they can also purchase some circulating shares from the stock market to reach the 34% safety control line.
As for the AB equity structure, it is also a product of the Internet era. Now all shares have the same rights. Of course, if you want to acquire companies from the three stock markets, you can have everything you dream of.
"You two should discuss the option allocation. How will Mr. Lin handle it?"
Zhang Zhonghua said.
Both Zhang Zhonghua and Hu Xian are also troubled by the issue of Lin Xingzhi's shares. Lin Xingzhi owes at least half of the company's development to what it is today, and of course the Yuhuang Group's contribution is also not small.
"Mr. Lin has made great contributions to the company since he served as the general manager of Yuhuang Xingdao Newspaper. When it was listed, he held 1% of the company's shares. After five years, he will be rewarded with 0.5 shares. After ten years, he will gradually be rewarded with 1% of the shares. You
How about this?"
Hu Xian said.
"Mr. Lin, what do you think?"
Zhang Zhonghua asked.
Lin Xingzhi was a little confused when he heard about the shares allocated to him. He found that if he kept up with the pace of dilution, he would be worth hundreds of millions of dollars. Of course, worth and wealth are two different things.
