Rebirth: The Era of Hong Kong Tycoon

Chapter 168 [Modern News Agency]

Modern newspaper.

In the meeting room, the middle and high-level executives of the modern newspaper gathered together. Obviously, this meeting is more important; and this meeting has a special recorder who will record all the contents of the meeting. After the meeting is over, it will be compiled into an official document and distributed to management.

Lin Rongheng's face was serious, and all the management staff also straightened their backs, concentrating on it, and did not dare to show a slack side in front of the boss.

Lin Rongheng first said: "Many employees and management think that the purpose of the listing of Modern Newspaper is to cash out. After all, we are not short of money; before the listing, the company has a full liquidity of 1000 million Hong Kong dollars in its account. I think this statement is ridiculous. , I am not a philanthropist, I will cash out for you, expose the company to the public eye, and my shares will be diluted."

Everyone was stunned, the boss seemed not very satisfied with the recent company atmosphere!
Recently, everyone in the modern newspaper office can be said to be smiling. At the beginning, there were more than 300 people who shared 15% of the shares; after the listing, these 300 people accounted for 11% of the shares, worth more than 3300 million Hong Kong dollars.It can be said that a staff member of the modern newspaper office was allocated wealth worth tens of thousands of Hong Kong dollars, and the management team was allocated wealth worth tens of thousands.

Luo Zhaoyou was the first to express his opinion, and said, "The boss is right to criticize. Recently, the mentality of the company staff has become a little impetuous, and the discussion at work is also about stocks and stocks. It seems that we need to rectify them."

For a while, all the high-level executives self-criticized, and Lin Rongheng was relieved, and the expression on his face relaxed.

Under the responsibility system implemented by modern newspapers, each department has tasks, and if they fail to complete, they will be punished, and if they are completed, they will be rewarded; it is precisely this rule that Lin Rongheng did not immediately intervene in the company's recent impetuous atmosphere.

Lin Rongheng also said: "Modern Newspaper has only four newspapers and magazines in total, which is completely not in line with my expectations! Therefore, I did not share the more than 1000 million Hong Kong dollars in the company's account before the listing; after the company went public, it raised funds again. 5000 million Hong Kong dollars; now the company has a cash flow of more than 6000 million Hong Kong dollars in its account, we must expand! Do you have any suggestions?"

A middle-level manager said first: "Boss, I think we should use the acquisition of newspapers to increase the strength of the company, especially in Southeast Asia, where there are a large number of Chinese living. If we acquire local newspapers, our influence will naturally increase in these places." !"

Hearing this, Lin Rongheng nodded, indicating that this is possible!
Encouraging for the first time, another middle-level manager suggested: "We should consider owning our own news building. As our global headquarters, this building is also equivalent to investing in property!"

It is also a good suggestion, but it needs to be invested after the oil crisis.

But Lin Rongheng still nodded, after all, there is no problem with this proposal.

Then, another middle-level manager suggested: "The company still has a lot of room for improvement, such as using advanced technology to receive first-hand news faster."

Everyone expressed their opinions one after another, but several high-level officials did not speak, presumably they wanted to give up the opportunity to these subordinates.

Besides, the senior executives know that, regardless of what everyone has said, maybe the boss's core ideas are not these at all; after all, compared to understanding the boss, these middle-level managers are still far behind themselves as senior managers.

After listening to everyone's suggestions, Lin Rongheng said with a smile: "Everyone's comments are very good. This is the atmosphere that the company should have. We can't stop the pace of expansion. My initial goal is to let 100 million people watch our website every day. The publication is only half finished now."

Everyone was a little surprised at once, the boss's ambition is too big, if 100 million people are watching, that means 100 million sales!

Lin Rongheng added: "However, I have a better idea at the moment, that is to establish a modern news agency, aiming to become the largest commercial news agency in Asia, and let Asian newspapers become our customers. We not only earn money from readers, but also To make money from your peers!"

Anyway, it's money pumped from the stock market, so why not go for it!
Now everyone is a little confused. Of course, everyone has heard of the news agency, but everyone is a little unfamiliar with the specific operation and operation. After all, it is only a product of Europe and the United States.

Lin Rongheng knew that everyone must be unfamiliar, so he explained: "A news agency refers to a communication agency that specializes in news information collection and distribution, and uses electronic communication technology and other advanced means to quickly release news and information to newspapers, radio, television and other media organizations. The ultimate goal is to build a network of journalists all over the world, to provide news to the headquarters around the clock, and the headquarters is responsible for processing and providing news services to different customers and our own media platforms. For details, please refer to Reuters, Associated Press, etc. In short, In the future, companies in industries such as TV stations, newspapers, and broadcasting will be our customers."

Luo Zhaoyou was the first to ask, "What the boss means is: the news collection department, the news editorial department, and the communication department. These three departments will be merged to form a modern news agency."

Lin Rongheng nodded and said: "That's almost what it means. Of course, our newspaper also needs to have an editorial department, but it doesn't need to be as large as before. In short, you have recently come up with a perfect plan, and then slowly put it into practice. Try to get the modern news agency up and running within half a year, and then expand the scale."

There is no shortage of talents in modern newspapers, even if they are lacking, it is not difficult to recruit talents, so Lin Rongheng just gives orders.

Next, Lin Rongheng said: "We really need to increase our newspapers. Look at the Chinese newspapers in Southeast Asia that can be purchased, and come up with a plan for me!"

After this meeting was held, the modern newspaper went back to the high-speed track, and all the management and staff were injected with fuel and started running fast.

Although the goal given by Lin Rongheng is very big and "unfamiliar", but the modern newspaper is not short of money, which is enough to solve many problems.

In addition to the more than 6000 million Hong Kong dollars in the account of Modern Newspaper, Lin Rongheng also planned to raise another 5000 million Hong Kong dollars during the peak period of the stock market, which will be used for bottom-hunting activities after the real estate plummet, and to build a news building in Causeway Bay or something.

Lin Rongheng is not worried about his shares being diluted, and because he intends to cash out, his shareholding is estimated to be as low as about 20% at one point; because Lin Rongheng knows that the stock market crash is coming very violently, he can quickly increase his holdings to a safe line of 35%. In 1974, it was directly privatized.

To put it bluntly, it is to use the money of the stockholders to expand the modern newspaper and fill himself, but Lin Rongheng can get back most of the shares without paying any cents.

After the meeting was over, Lin Rongheng did not return to the office, but patrolled the office area of ​​Modern Newspaper. The employees showed respectful smiles. It was this generous boss who made everyone suddenly have a huge fortune recently.

According to statistics, the lowest person got 3000 shares, which was 1.8 Hong Kong dollars after the market closed on the day of listing; calculated according to the average salary of modern newspaper staff, it was equivalent to 18 months' salary.

And the employees generally got 10000 shares, which is a wealth of more than 6 Hong Kong dollars!
Lin Rongheng caught a female editor and said, "Seeing that you have changed your whole body into famous brands, is this selling all your stocks?"

When the female editor heard what Lin Rongheng said, her face immediately turned rosy, and she said falteringly: "It's only half sold, and the family wants to buy a house. It's a real estate of the boss's company!"

Hey, I bought my own real estate, and I am a good employee!
Lin Rongheng patted the female editor's head lightly, and said bitterly, "It's too early to sell, so we have to hold on to 10 yuan a share before selling it!"

The female editor said with an expression of disbelief: "The boss means that our stock will rise to 10 yuan a share?"

Lin Rongheng left the scene with a smile, leaving the female editor with an annoyed look; colleagues all around secretly decided not to sell less than 10 yuan a share.

At 10 yuan per share, Modern Newspaper's market value is only 5 million Hong Kong dollars. Lin Rongheng did not fool these employees, and there is absolutely no problem with Modern Newspaper's stock.

After the female editor was annoyed, she thought to herself: "Fortunately, I have 11000 shares, and the remaining 6000 shares will be sold later. The boss is so kind, and he specially reminded everyone!"

(End of this chapter)