Chapter 663 (1/2)
Bill spelt's promotion was not just due to a party, of course. Simon added fuel to the situation by deliberately letting James Leibold go to find out about spelt and make a dig gesture.
Another easy game of habit.
No matter whether it can be used in the future, it will not be harmful.
Simon just didn't expect that UBS would have the courage to directly promote bill spatter to the position of head of major business department. Although he was only promoted two grades in a row on the surface, many investment bank employees may not be able to cross any threshold in their whole career.
Of course, Simon doesn't spend too much energy on such trifles.
After the two sides reached a settlement, the Hurst family made public the news the next day. The other side originally wanted to be ambiguous, but Simon didn't give them the opportunity. The New York Post then revealed the details of the settlement in a more gossipy tone, including the $1 sale of ESPN shares and the total compensation of $370 million in six lawsuits.
Simon is to use the ”tragic” experience of the Hurst family to frighten all potential opponents of the westero system.
According to the feedback during this period, the effect is very obvious. The media in North America has formed an obvious chilling effect when discussing matters related to the westero system. After all, the powerful Hurst group has lost half its life in front of Simon westero. In the whole United States, there are absolutely few media forces that surpass the Hurst family.
Without the constraints of the westrow system, the Hurst family restarted the asset sale some time ago. According to the preliminary feedback, it could recover about US $300 million, equivalent to 60% of the discount.
Metro ABC Group, the parent company of ABC TV network, also submitted a transaction application to the Hurst family under Simon's insidious instruction, hoping to buy back 50% of the shares of AE TV network held by the Hurst family. The offer price is US $200 million, which is equivalent to a 50% discount on the original price. Even after a bit of bargaining, the price will not be increased too much.
The Hurst family was still hesitant to raise more money by selling which assets, and ABC's invitation helped them make a good decision.
Two deals, 500 million dollars in cash, are basically enough for the Hurst family to survive.
It's also easy for people to find that the total value of the remaining assets of the Hurst family is actually less than $1 billion, excluding the almost free shares of ESPN and the assets to be sold. It took only three months for a century old media family with a total family assets of 2.5 billion US dollars to fall into this situation.
Moreover, even if we get through the difficulties temporarily, the troubles of the Hurst family are far from over.
For example, the San Francisco Chronicle, which accounts for almost half of the Hurst family's remaining assets, has become more and more popular in the San Francisco area because of the increasing popularity of personal computers and the targeted operation of the westero system in the previous few months. Many residents have shifted their access to news and information from the paper media to the Internet. As a result, the number of subscribers to the San Francisco Chronicle has declined in the past A quarter to the naked eye continued to reduce the speed. By the end of the second quarter of 1994, this large regional newspaper with a history of 100 years is expected to have its first quarterly loss in many years.
For an industry entering the decline cycle, once it is in a loss, it is absolutely not a simple thing to reverse.
What's more, Hurst group, which has been greatly weakened.
Without this storm, Hurst group could mobilize enough resources to revive the business of the San Francisco Chronicle as much as possible. Now, a broken ship floating in the ocean and leaking on all sides is extremely difficult to repair.
The confrontation lasted for three months, and the matter was initially over. In addition to letting people around him continue to watch the movement of the Hurst group, so as to push the other party into the abyss at the right time, Simon himself would no longer follow up the matter personally.
Continue to make the latest preparations for the upcoming launch of Denise entertainment on July 1, and the summer program in North America continues.
During the week from June 24 to June 30, North American Theaters released two more important new films, namely, Sheriff Beverly 3 by Paramount Pictures and zero point blast by Fox pictures.
In 1984 and 1987, two big selling ”detective Beverly” series were launched respectively, because paramount and film star Eddie Murphy have been unable to reach an agreement on the film payment, the third film has been delayed until now seven years later.
After so many years of procrastination, Eddie Murphy got the top $15 million at this stage, and the production cost of the sequel reached $50 million of the blockbuster level.
Starting on Friday, paramount prepared 2936 screens for the classic action comedy sequel, nearly 3000 of which are second only to Batman: the rise of the dark knight.
Then, it's like last week's city bumpkin 2.
Word of mouth is also collapsing.
Compared with the 1.8 media score of city bumpkin 2, detective Beverly 3's reputation is even lower, with a comprehensive media score of 1.1.However, thanks to the publicity efforts and the influence of the film's previous work, which is far more than that of the city bumpkin series, the box office of detective Beverly 3 in the first week was good, reaching $21.96 million. Although he is only the third in the list and has made more than $20 million at the box office, it still gives paramount some thoughts.
During the week from June 24 to June 30, Batman: the rise of the Dark Knight still topped the box office list. The film fell 32% this week and received another $32.31 million, with a cumulative box office of $272.53 million.
After receiving $42.39 million in the first week, ”soul” really didn't show the box office potential of elephant level. The box office of the next week dropped by 43%, and it received another $24.15 million. The cumulative box office of the two weeks was $66.54 million. It is expected that the total investment in production and publicity of $40 million will be recovered next week.
At the same time, under the publicity of the new world film industry team, the discussion about the universe of the evocative movie has become a hot topic for movie fans recently. The first derivative film of the universe of the evocative movie ”the haunted time in the morgue” in the Halloween schedule has already attracted the wide attention of the media and the public before the official publicity plan is launched.
After detective Beverly 3, fox's new movie zero blast came in fourth with $13.15 million in the first seven days of the week.
Not warm, not hot.
Fox has invested $28 million in the production of the action thriller starring Jeff Bridges, with a total investment of more than $40 million, including publicity. In the first week, with $13.15 million in box office revenue, fox can only expect the film to follow a miraculous box office trend.
As a commercial popcorn movie, this kind of hope is obviously not big.
The fifth place on the list was picked up by speed of life and death.
In the sixth week of its release, this action movie with excellent reputation has surpassed the short-lived ”city bumpkin 2” last week. This week's box office decline is only 19%, with another $6.73 million. The total box office in North America has also reached $95.22 million, which is expected to officially exceed $100 million next week.
In addition to the top five, other films such as ”city bumpkin 2” have basically dropped out of the summer competition.