Song Ya began to formally talk about work, "Inner City Broadcasting Corporation is a company dominated by African-American political forces in Manhattan, with radio operations as its main business. It is now managed by Pierre Sutton, and he and his father Parcy Sutton share Owns about 11% of the company's shares, and other shares are scattered among various institutions and individual small shareholders, including former New York Mayor Dingkins, the first African-American female TV station owner Dorothy..."
"Do you want to buy? Most radio stations have difficulty making money now, right?" Alicia asked.
"Yes, I'm still hesitating, so I need you and your law firm to participate in the evaluation. This company is in a terrible business situation. I commissioned Yongdao Certified Public Accountants to get a rough idea. Their twelve own radio stations are only located in Four to five cities in the city can be responsible for their own profits and losses, and most of the eight joint-venture radio stations also lose money. They have also participated in investing in small African-American media all over the meter. Most of the investment activities are probably for political purposes, so few can make money. , Even Yongdao can’t find out how much debt all affiliated companies owe in total. Their only project that can stabilize high profits is the Apollo Theater in Manhattan, but only the New York City government can forcibly recover the operating rights at any time because of the long-term The cheap lease has already expired and is currently in a state of automatic renewal every year..."
"Why didn't New York City take it back?" Alicia asked.
"For political reasons, Dingkins used to be the mayor of New York, so naturally he would not move the lease. The new mayor, Giuliani of the Elephant Party, may not want to risk being attacked and pursued political pursuits during his first term. However, the consensus in New York is that if Giuliani is re-elected, the Inner City Broadcasting Corporation will absolutely not be able to retain the operating rights of the Apollo Theater."
Song Ya replied: "The political forces of Tinkins, Sutton and others are called the Manhattan Gang by New Yorkers, and most of them are of African descent, because Tinkins killed the Donkey Party and lost the extremely important New York City government, and During their tenure, mainstream white, Jewish, and Chinese groups had a very poor assessment of stroke. As a result, the political strength of the Manhattan Gang was greatly weakened. With the old age of Dingkins and Passy Sutton, they currently have no politicians who can reach the stage. Only in New York's courts, municipalities, and law enforcement agencies still have some influence."
"How much do they charge?" Alicia asked.
Song Ya smiled bitterly, "They want me to inject 30 million yuan, take 25% less than a tiny bit of equity, and become the largest single shareholder and chairman of the board. They have four seats on the 13-person board of directors, but the specific management It will remain in the hands of the Sutton family until the end of 1999, and Pierre Sutton's general manager and executive director will also work until then."
"Very harsh conditions. According to your description, their valuation can reach 120 million, but in fact this company may be worthless, right?" Alicia asked.
"Well...Money is not the biggest problem. If I enter the game, the Inner City Broadcasting Corporation may be able to relax in the short term, but in the long run it is likely to be weakened year after year by the Manhattan Gang, thus losing a lot of foundations and non-profit organizations. Donations from social groups of descent, the important reason why many media in all parts of the country can still operate normally is that many African descent organizations provide financial and political support all the year round, and then they return with media resources and political help. ."
Song Ya continued the introduction very frankly, "Moreover, even if I sit on the board of directors and have four directors, I may not be able to gain control of the company, because the other directors are either former political leaders like Dingkins and Parcy Sutton. They are representatives of African-American foundations or social activities organizations. They have a lot of energy. In the same way, I think it’s very difficult to implement reforms and get rid of the burden. It’s all over the country, and many investments that look very bad to the outside world. There are hidden political fundraising under the water. If you want to strip off those bad assets, you will inevitably offend the local African-American political forces. This is not worth the loss for me, because I bought that company to make use of those resources. Up to the trouble I am facing now, I actually don’t mind losing a little money every year to that company, but now it seems that losing a little money is far from filling its holes.”
"I understand why you hesitated..."
Alicia pondered for a while and said: "Although this 30 million acquisition is a big business for me, it does not seem to be wise to enter this company."
Song Ya did not answer directly, pointing to the fixed phone in front of her, "Is this an extension?"
After getting a positive answer, Song Ya picked up the handset and dialed, "Please transfer to Mr. Sutton, Pierre Sutton, there is no appointment, I am APLUS, ok..."
While waiting for the transfer, he pointed to the landline in front of Alicia again. She understood, picked up the microphone and listened in silence.
"Hey, APLUS, I have been waiting for your call." Pierre Sutton's excited voice came into the ears of the two of them, "How are you thinking about it?"
"Pierre, I'm very upset, you know the reason." Song Ya was very blunt.
"What? Because of what?" Pierre Sutton looked a little confused, "because of our company's operating conditions?"
"No, that's what you asked your radio reporters to do when my new single was announced." Song Ya said.
"Haha, you just accept our intentions." Pierre laughed.
"You know that was not a good intention. Pierre, I debuted at fifteen and I know this business. If I need help, I will take the initiative to mention it to you. If you want to help, you can also notify me or Sony in advance. Columbia Records. I don’t want to face any accidents, no matter the accident is good or bad for me, and there is only one reason for you to do that, you want to show me the strength of the Inner City Broadcasting Company... I really don’t like yours. Show muscle way."
Song Ya pierced the opponent's Xiao Jiujiu coldly.
"Uh, maybe I caused you a misunderstanding, but I really don't have that kind of motivation APLUS. I just greeted my subordinates casually. Well, anyway, I apologize to you."
Of course Pierre would not admit, "By the way, have you considered injecting capital into us?"
"This business isn't so urgent, right? I just had an incomplete honeymoon with Mimi, and then I invested in the busy new special announcement. Why have to wait for me to catch my breath." Song Ya and Alicia looked at each other. After a glance, he pretended to shirk.
"Uh, it's such APLUS. We really need a sum of money to tide over the difficulties, but the Inner City Broadcasting Company does not accept everyone's money. This investment opportunity can be met but not sought. You are my father and Ding Mr. Kings considers the most suitable person to take over. They like your personal image and political stance very much..."
Pierre said: "Mr. Dingkins asked me to study you. I also agree with your statement on a series of issues such as South Africa. You and the Inner City Broadcasting Corporation are a natural match, and controlling this company can help you. The great influence in the African American community. You are so young, the sooner you join us, the bigger the future..."
"I think at my current age, there is absolutely no need to get in touch with these too early." Song Ya replied.