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Chapter 103: Because I Have Money Ability 8/10(2/3)

But just yesterday, another newspaper also settled here.

It shares this floor with the New York Observer, which is called the New York Sun.

This is a very early newspaper.

Published on September 3, 1833, with Benjamin Day as founder and editor-in-chief, its motto was: "Lighting up all men."

This is also the origin of the name of the newspaper.

This newspaper was the first commercial newspaper in the United States founded on commercial principles and the first "penny newspaper."

That is, the selling price is one cent or one penny, so it is called "penny newspaper".

The New York Sun has experienced more than a hundred years of development since its establishment.

It was once glorious in the middle, once fell, and then it was glorious again, and then fell again.

The experience of this newspaper can be said to be the abbreviated history of the entire American newspaper industry.

It changed its name for a while, and finally in 1996, it was renamed "The New York Sun".

But at this time, basically this newspaper has nothing but its name.

There is no actual connection with the original New York Sun.

The re-launched "New York Sun" has been operating hard for several years.

Currently in New York City, daily sales are about 30,000-40,000 copies.

Including sales throughout New York State, daily sales can reach almost 90,000-100,000 copies.

Its boss quoted a price of US$18 million, which is considered a relatively cheap price.

Because behind it, there are liabilities of nearly 10 million US dollars.

Now, there are two newspapers, the New York Sun and the New York Observer.

Not only do they share the same office floor, they also share the same boss.

This boss is, of course, Abel Smith.

Abel arrived at the 43rd floor of the Simpson Building and stepped out of the elevator.

The editors-in-chief and relevant management personnel of the two newspapers were already standing at the elevator door.

Melio, the deputy general manager of Smith Capital, stood in front of everyone.

When the elevator door opened, the first thing Abel saw was Melio.

"Good morning, boss." Melio, a middle-aged and chubby white man, greeted the boss with a warm smile immediately after seeing him.

"Good morning, Melio." Seeing this fat employee with a friendly face.

Abel responded with a smile.

If we talk about David Mellon, he is Abel’s powerful right arm in New York.

Then Melio is his indispensable left arm in New York.

In terms of investment and high-end connections, Melio is not as good as David, who was born in Mellon.

But in terms of having a thorough understanding of New York, there are also all kinds of inexplicable connections.

Melio is even better.

That's why Abel renovated the company's new headquarters, and also did the preliminary financial accounting and other chores after purchasing the newspaper.

Leave it all to him, and Melio has done it all well.

This made Abel very satisfied.

Under Melio's welcome, the management and important personnel of the "New York Observer" and "New York Sun" who were a little nervous expressed their welcome to the boss.

Melio also introduced the identities of these people to Abel.

".This is Dylan, editor-in-chief of the New York Observer."

".This is Louis, editor-in-chief of the New York Sun."

".This is Alex, from the New York Observer."

"."

In a eloquent manner, Melio introduced about ten or so major figures from the two newspapers to Abel.

Melio did not introduce other important figures in the newspaper.

Abel didn't bother to ask.

After the introduction and handshake, everyone walked into the company.

Since they belong to the same owner, the two newspapers have now opened up their respective front desks to form a relatively large reception hall.

The reception hall is still under renovation, but is large enough to accommodate management-level staff from both newspapers.

At this moment, more than twenty of the most important managers, editors and staff of the two newspapers.

They were all in the hall, standing with their heads raised, looking at their common boss.

This kind of scene was just a small scene to Abel.

Before time travel, he was in high school and college.

But they are all the kind who dare to speak on stage in front of thousands of classmates.

What's more, after rebirth, he has a net worth of hundreds of millions to support him.

Even if he were asked to go to the White House to speak now, he would have no pressure.

After looking at everyone, Abel said directly:

"As a 20-year-old young man, I have no relevant experience in the publishing industry."

"But I now have the two best tools a publisher can have: great staff and the curiosity needed to think outside the box."

"Plus, I have capabilities that other publishers don't have."

"If you want to ask what kind of ability it is."

"I'll tell you, it's ability."

"but."

At this point, he changed the subject and his smiling expression turned cold.

"You have failed so badly with the New York Sun and the New York Observer."

"I have your data.

Data shows that the New York Sun can only break even every month without making any profit.

The New York Observer failed even more, losing $200,000 to $300,000 a month."

"These two figures, let alone New York. Even if you put them in newspapers across the country, you are still a loser."

His merciless words that exposed these people's shortcomings made everyone who was smiling become more and more embarrassed.

Abel is the boss again. At this time, they really don’t even laugh or don’t laugh.

Facing these employees, Abel was too lazy to be verbose and continued directly:

"Starting today, the New York Sun and the New York Observer are directly owned by [ab Smith Newspapers]."

"Then I will inject $50 million into AB Smith Newspapers."

"This fifty million US dollars is the capital for the re-emergence of the New York Sun and the New York Observer, and it is also your opportunity."

"Whether you can seize the opportunity or not is up to you. But remember, my company does not accept losers."

"It's that simple."

"Now."

Abel looked at Melio and said to the latter: "Let the editors-in-chief of the two newspapers meet with me. By the way, where is my office?"

Melio quickly took Abel to the chairman's office that had been prepared for him.

A room that was enlarged and renovated using the original luxurious office of Arthur Carter, the boss of the New York Observer.

In this office, Abel met Louis and Dylan, who had just shaken hands.

The former is the editor-in-chief of the New York Sun, and the latter is the editor-in-chief of the New York Observer.

I looked at the two editors-in-chief who had a somewhat reserved expression after they walked in.

Abel said expressionlessly:

"Let the two of you come in, mainly to explain the direction of the newspaper next."

"Well, Dylan, tell me first. What do you think the New York Observer should do next," Abel said.

Dylan is an old white man in his fifties, and so is Louis.

Now in 2000, zzzq was not that serious, and it was in a place like New York.
To be continued...
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