Chapter 316 Now I am the consortium

Not long after Smith Media was established, Abel Haoyan wanted to acquire the NBC television station.

More than four months have passed.

Over four months.

Neither Abel nor Smith Media's contacts with GE came to fruition.

Just like Warren Buffett said.

General Electric takes this powerful public opinion mouthpiece very seriously.

After four months of hard work, Abel gradually understood one thing.

That is in a short period of time, before General Electric has completely declined.

It is estimated that it is really impossible to acquire NBC TV station.

Especially after he became one of General Electric's major shareholders, owning more than 5% of the shares.

He understood this even more.

So by this time, Abel's mind had actually changed.

From his previous belief that he was bound to win the NBC TV station, he gradually changed to the idea of ​​​​preparing with both hands.

The so-called two-hand preparation, the first-hand preparation is that he will continue to keep an eye on the NBC television station and wait for an opportunity to win it whenever he has the opportunity.

The other preparation is to start construction of Smith Media's own TV network even if NBC cannot be acquired.

Don't think this is difficult, in fact it can be done now.

In parallel time and space, under the current existence of the four major TV networks.

Columbia and Warner Bros. formed a joint television network, the fifth largest television network referred to as The CW.

Although this fifth largest TV network has never surpassed the top four, it still covers 95% of users in the United States.

Abel feels that he can definitely take the CW route.

You can even combine streaming video platforms such as Naifei, Hulu, Youtudie and Amazon to create a new era TV network.

However, this latter combination is not yet very realistic.

The main reason is that the current network broadband conditions are not yet supported, and it will take another year or two.

Probably after 2003, when the Internet bandwidth in the United States could support online videos with a resolution of about 480p, it was the time for these streaming video platforms to go online.

Before this, Abel felt that if Smith Media really couldn't win NBC immediately.

Next, he is preparing to launch a major acquisition in the television industry.

You must know that although the four major TV networks now dominate the industry.

But in fact, the United States also has a large number of local TV stations, both cable and wireless.

Smith Media can completely cover the whole country with its signal network through acquisitions and mergers, and increase its ratings.

But this takes time, and in a market where the Big Four are close to monopoly, it also requires more costs.

This is why Abel wanted to directly acquire NBC TV stations once and for all.

If we can directly take over NBC, it can save Abel a lot of time.

Now that the difficulty lies here, Abel already has ideas in this regard.

After thinking about it, Abel said to Sullivanston: "Forget it. It's not appropriate tonight. I will talk to Jeff Immelt later. But not now."

Sullivanston nodded indifferently. He came here just to remind Abel.

Abel seems to be very dedicated to his media empire.

Buffett said at this time: "I personally think that you don't need to invest so focused on the media. You can completely diversify your investments and become the major shareholder of all media groups."

Abel knows what Buffett means.

Buffett is saying that if Abel really wants to be a media boss.

Abel doesn't have to go through the whole process personally.

You can invest in shares, such as holding a large number of shares in companies such as News Corporation, and become the major shareholders of these companies, thereby indirectly influencing and controlling these media.

Buffett himself does this. The stock god owns a large number of shares in major media groups in the United States.

This allows these media groups to be very cautious when reporting on Buffett, as long as it does not involve the media group's own interests.

Buffett also used this method to indirectly control and influence public opinion against himself.

Many American tycoons do this, and this approach is actually the easiest to do.

However, many of what Abel wants to do later will involve the self-interests of these media groups.

For example, if Abel wants to push Alexander to power in the future, it doesn't matter if Alexander is a donkey or an elephant.

Alexander's competitors will definitely use their own media groups to attack Alexander.

In situations where this level of self-interest is involved.

It is difficult for ordinary major shareholders to influence the position of the media group.

The typical example is King Maga. There are so many media groups in the United States, but from the beginning to the end, only News Corporation has supported him.

Others are either neutral and donkey-leaning, or they are simply firmly in the donkey party camp.

Maga was able to take the stage for the first time, largely because Xipo relaxed her vigilance at that time.

The old witch looked down on maga a little at that time, and at the last moment the red neck stole her home.

If Xiba had been prepared and used the Yin soldiers at that time, Ferrabcon's red neck would definitely not have been able to win.

Abel didn't want his father to be in this situation when he came out to choose.

Because even News Corporation and Maga later began to part ways.

The so-called allies only depend on whether the benefits of betrayal are sufficient.

Therefore, Abel still firmly wants to hold his own media group.

Only what is in your own hands is truly reliable.

That's why he doesn't want to be like Buffett, who can only influence but not completely control.

"I know what you're thinking." Abel said with a smile:

"But Warren, I'm still so young. If I don't vent my energy, Wall Street will suffer. If Wall Street suffers, I may suffer too. So I have to pick something fun to distract some of my energy.

Energy, you know."

After hearing this, Buffett actually felt that Abel's words made sense.

But the stock market god got it wrong. He thought Abel was venting his experiences on the good girls in Hollywood.

"Hmph, I don't care about you. As long as you can make Smith Capital make money!" Buffett muttered.

"Hey, here we are. Oh, Warren and Sully are here too." Another person joined the small circle.

Abel looked up and found that little Laura's father was here.

But Neil didn't come alone, he brought with him an acquaintance of Abel's - Davis Brown.

Davis Brown is an old man in his seventies, about the same age as Buffett.

Seeing Neal and Davis Brown appear, Sullivanston and Buffett looked at each other.

The stock god said softly: "Hey, yes, Neil. It seems you want to talk about some Texas things. Let's leave first."

Neil Bush and Davis Brown both laughed and said nothing.

Sullivanston greeted his wife directly and left with Buffett and his wife.

Suddenly there were only a few Texans left on the scene.

Abel smiled and shook hands with Davis Brown, "Hello, Mr. Brown, it's nice to see you again."

"Me too." Davis Brown smiled happily and shook hands with Alexander and the others.

After the greetings were completed, Abel looked at his father-in-law.

Neil Bush said softly: "Davis wanted to talk to you about Smith Capital. George knew about it and asked me to bring him over."

Abel smiled and nodded, and looked at Davis Brown.

The identity of this old man is not simple. He is the founder family of the Texas Consortium and one of the families behind the scenes.

As the youngest and weakest financial group among the top ten financial groups in the United States.

The internal power of the Texas consortium is very decentralized, unlike the Rockefeller family to the Rockefeller consortium, the Morgan family to the Morgan consortium, and the DuPont family to General Motors.

It is estimated that there is no real leading family, and the financial aspect is very weak.

Only then can the Texas consortium, one of the representatives of the military-industrial complex, be ranked at the bottom of the top ten consortiums.

Last year, Abel was not yet established.
To be continued...