Witness of the film and television world

Chapter 87 The Washington Post

"So? That's why he's willing to sell a golden chicken?"

Peyton said mercilessly.

Even if he died, he would not sell a promising property at will.

Buffett said: "You can impress him on price!"

Peyton shook his head, a little pessimistic.

Premium?

If the premium is too much, he will naturally not be willing, if it is too little, others will not be reconciled.

"Can you help me facilitate this?"

Buffett said with a smile: "Of course, I am willing to serve you!"

"Okay, if you can help me facilitate this, I will raise $200 million for your investment club!" Payton said.

Buffett is overjoyed, his investment club now manages only 50 funds.

200 million is definitely a big surprise for him.

Although the 200 million was only handed over to him for management, it was enough.

After all, this is the beginning. If a billionaire can be valued, he believes that the fund management of 200 million is just the starting point, and an extra zero can be added later!

After hanging up the phone, Buffett clenched his fists: "200 million! Make this deal, 200 million!"

This wealth has already exceeded all his funds, and next, he will mobilize all his strength to facilitate this matter.

Although, he knew it wasn't easy.

But at the moment of 200 million, no matter how difficult it is, you must try!
On the other side, he hung up the phone, and Peyton quickly called Deloitte's office to ask about his information being leaked.

After getting a satisfactory answer, Payton began to have people gather information on Buffett as well as the Washington Post and his parent company, The Washington Post Company.

Soon, he learned about Buffett's background, which rests largely with his father.

"Congressman! Businessman!"

TWO TAGS!

Buffett's father, Howard Buffett, was a four-term Republican congressman who was close to Republican Mr. Robert Taft and served as his campaign manager.

If Robert Taft could successfully run for the presidency in 1952, Howard Buffett would surely hold an important position in that administration, and his political future would be bright.

Unfortunately, Robert Taft was beheaded by the five-star general and died of cancer the following year.

With the fall of the Republican hero, Howard Buffett's political career has since ended, and he has started to do business, so he has some achievements.

"There is some background, no wonder he has the confidence to facilitate this transaction." Payton murmured in his heart.

After seeing some of Buffett's situation, Payton continued to look at all aspects of the Washington Post Company's information.

Just like Buffett's introduction, this is indeed a very high-quality industry.

His former owner was Eugene Meyer, a financier and former chairman of the Federal Reserve.

When Eugene Meyer was named the first president of the World Bank in 1946, he handed over the job of publisher to his son-in-law, Graham.

Later, son-in-law Graham proved with facts that he could do very well.

So, in 1948, Eugene Meyer transferred actual control of his Postal Company stock to his daughter and her husband.

Daughter Katherine Graham received a 30% gift, and son-in-law Philip L. Graham received 70% of the shares.

The purchase of 70.00% of the shares was funded by his father-in-law.

This seriously shows how important it is to marry a wealthy daughter!
Of course, Philip L. Graham was a formidable fellow.

With the help of his father-in-law, the president of the World Bank, in the few short years since he took over the company, he has helped the Washington Post grow from a struggling local company to a national company with expanded ownership Other newspapers, radio, and TV stations are like new media forces!
This proves its excellent ability.

Looking at Philip L. Graham's profile again, Peyton secretly thought: "However, Philip L. Graham also has a strong background!"

In fact, this is not a story about a poor boy marrying a rich daughter, the two are perfectly matched.

Graham was born into a Lutheran family in Terry, South Dakota, and grew up in Miami.

There my father worked in farming and real estate and was elected to the state senator.

Unlike Mr. Chris, a state senator, his father has been operating locally for decades, with deep roots and a large and powerful family business.

Graham graduated first from the University of Florida with a bachelor's degree in economics, and from Harvard Law School in 1939, where he was editor of the Harvard Law Review, cum laude.

He is also a member of Florida's Blue Keys and the prestigious Fraternity Reply Envelope.

Although the two are not as famous as the Skull and Bones, they are organizations all over the federation with a complicated relationship network.

After graduation, he served as an assistant judge to Justice Stanley F. Reed of the Supreme Court of the United States. He was young and had a promising future. No wonder he was valued by Meyer and recruited as his son-in-law.

At present, Graham also plays an important role in local politics.

A few years ago, he also led the federal city council in the Washington area, and it seems that he still intends to enter politics.

In addition, he has a wide range of friends. Senator Smathers of Florida is his roommate and fraternity member, and future US President Kennedy is also his guest.

This is a typical high-level federal celebrity. The "Washington Post", which has a huge influence on public opinion, is his foundation, and this is an industry that can be passed down from family to family.

Not to mention bipolar disorder, even cancer, he will not easily sell this property.

"It's hard! How difficult it is to snatch food from the tiger's mouth!"

After watching it for a while, Payton realized how difficult the transaction is. This is no longer a question of whether to pay a premium or not.

Anyone can see how important the Washington Post Company, which has a huge influence on public opinion in the Washington area, is.

In particular, what a huge role it can play in politics.

There is Washington, the political center of the Federation!

How important is it to be the most influential newspaper in the region?
There is no doubt that this is an industry that others regard as the foundation, and there is absolutely no possibility of selling it.

After collecting the information, Peyton has dispelled his spying on the Washington Post Company from the bottom of his heart.

money?
This is not a problem that can be solved with money.

They are not short of money, and don't forget, the former president of the World Bank and the former chairman of the Federal Reserve, Eugene Meyer, is his father-in-law!
At this moment, Payton was a little curious about where did Buffett get his confidence?
"200 million, if this can be achieved, it is worthwhile to take 200 million as a commission, let alone hand it over to Buffett for management."

"I hope Buffett can give me a surprise."

(End of this chapter)