Chapter 645: 648

Upon receiving Simon's offer, the Hurst family fell silent again.

Before all this, even if ESPN shares are lost and a huge compensation of $370 million is paid, the Hurst family will not be hurt.

Now it's different.

Due to the comprehensive block and lawsuit bombing of westrow system, the continuous abandonment of business partners and the public indignation caused by the exposure of murder scandal, the assets of Hurst group have been depreciating rapidly at a visible speed recently.

Like Simon's 100% control over westero, the Hurst family also firmly controls all the shares of the Hurst group, the ultimate parent company of the Hurst media empire, through family members' individual shareholding and family trust.

Although many of its newspapers, magazines and TV assets are joint ventures, most of the losses still need to be borne by the Hurst family.

With the deterioration of business conditions leading to the depletion of their own cash flow, external financing channels such as bank loans and bond issuance have been cut off. Hurst group now wants to raise 370 million US dollars, only by selling its assets.

However, not only has the major newspapers and magazines of Hurst group depreciated sharply recently, but potential buyers will not miss the opportunity to further reduce the price. If the Hurst family wants to cash out by selling assets, it can only sell half of the price before the storm in the short term. In other words, if it wants to raise $370 million, Hurst group will have to pay a similar price When it comes to the initial double price.

Considering the shares of ESPN, the Hurst family just needs to pay $1 billion to solve the problems of the westrow system.

Even though many people in the Hurst family know that it is the best policy to survive by breaking their arms, it is difficult to persuade themselves and other members of the family to bear the massive bleeding of cutting flesh with a one-time loss of $1 billion, and would rather bleed themselves to death.

Simon, of course, would not make an offer and then ignore it.

Under the operation of the westero system, the media continue to carry out high-intensity attacks on the Hearst group. Under the pressure of public opinion, the federal authorities have recently launched some other investigations against the Hearst group.

Because of William Hurst III's evasion, after Doris Fischer's family also filed a claim of up to $600 million, in order to avoid William Hurst III's transfer of assets, the federal authorities also urgently sealed up the stocks, properties and other assets under William III's name.

Not only Roger hols, assistant to William III, who has been arrested and failed to pay enough bail, but also some other members of the Hurst family and some senior members of the Hurst group have been summoned by the FBI's Doris Fischer murder case team to cooperate with the investigation.

The rampant murder continues to erode the credibility of the Hearst group.

Simon didn't let people disclose the monitoring of the whole process of Doris Fischer's suicide, because it was easy for the public to think of death as hopeless. However, this kind of evidence that can make William Hurst III completely lose the room to overturn the case, of course, he will not ignore it, but let someone pass it to the FBI ad hoc group through anonymous channels.

On the other hand, with the encouragement of media opinion, the trend of unsubscribing from newspapers and magazines of Hurst Group continues.

Many competitors of Hearst group's newspapers and magazines will not miss this opportunity. Recently, they have launched various promotional activities and spared no effort to snatch user resources from the media of Hearst group. Apollo management company of cersei capital has specially set up a supporting fund of about 200 million US dollars to provide support for those who are affiliated with Hearst group The media compete with newspapers and magazines to provide financing.

The decline of American paper media industry is irresistible.

A few decades ago, Hurst group could still hold on to the storm and regain its lost market share by various means. Now, because of the overall shrinkage of US paper media users, this loss of users is basically irreversible.

Hurst group is slow. Under the influence of westrow system and other capital forces, many newspapers and magazines of Hurst group are not willing to wait.

During this period, the joint venture shareholders of seven newspapers of Hearst group have proposed to buy back the shares of newspapers held by Hearst group, and even asked the authorities to intervene and actively facilitate the transaction on the ground that the scandal of Hearst group has affected the newspapers themselves and the work of employees.

Of course, the offers of these joint venture shareholders are very low.

It can be said that under the pressure of the westero system, if the Hurst family can not break up as soon as possible, the old media group will fall apart due to the deterioration of all aspects of the business operation at most one year.

After the weekend, as soon as Simon and Janet took off to the east coast, Veronica stayed in Los Angeles this week to assist Denise entertainment management in some audit work before the listing roadshow.

The Hurst family is in a precarious state, and the westrow system is not easy at all.

It is not only necessary to deal with the public opinion storm caused by a series of information disclosed by the Hurst family, but also the vigilance and suppression of the continuous rise of the westero system by the federal government and business circles are more frequent.In March, a series of lawsuits against the monopoly trust accusations of "Cisco AOL igritte" Internet giants have been settled in only three cases, and the others have entered into formal proceedings.

The westero system is rich and powerful. If it is a simple lawsuit, it will be enough to bring many small enterprises to bankruptcy. However, the potential large-scale antitrust risk brought by these lawsuits is something westero system has to be cautious about.

Therefore, we have to admit that the April genocide in Rwanda not only distracted the attention of the federal public from some massacres, but also successfully covered up all kinds of lawsuits faced by the westero system.

Recently, westero system spared no effort to crack down on Hurst group and to win over other old brand print media forces, which to a large extent restrained the North American media from boosting the topic of "westero system monopolizing the Internet industry".

Some time ago, after the federal government rushed to "express their opinions" against the westero system, although most of the opponents were still in a state of verbal abuse, Washington was no longer so good at talking about the westero system in many ways. At least, all the bills pushed by the westrow system have been stranded.

On the other hand, cersei capital's recent acquisition of the asset management department of State Street bank has also encountered obstacles in Congress.

The Financial Services Committee of the house of Representatives questioned the deal and asked cersei capital to explain how to ensure the safety of investors' funds 100% when black rock asset management company has been in charge of more than 200 billion US dollars.

If cersei capital fails to give a guarantee, Congress will block further progress of the merger.

This kind of query is somewhat rogue.

Because the house of Representatives did not define the "financial security" it demanded in the letter of inquiry.

For the Wall Street financial giants, to ensure the safety of investors' funds, this is the most basic requirement. The general criteria are to inform investors actively when making major investment, not to use funds for trading outside the contract, not to conduct insider operation, etc.

If that's all, cersei capital can guarantee it.

Although the overall asset scale of Heiyan asset management company is very large, the investment purposes of the funds from different clients in dozens of sub funds have been clearly defined in the contract. Many funds are even kept by cerxi capital, and the investment decision-making power is still in the hands of investors.

However, after cersei's reply to the house's question, the other side still tangled.

After several explorations, Janet made it clear that the old men in the house of Representatives probably wanted black rock asset management company to make a promise of only making money but not losing money. This is the other party's so-called "capital security.".

In this world, there has never been a business that only makes money but does not lose money, and there is no such reason on Wall Street.

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In the final analysis, Washington is deliberately creating difficulties, and does not want the deal between cersei capital and State Street to be concluded.

Many large mergers take two or three years to get through the federal government, which is very common in the United States. However, for this transaction, Simon and his wife are very clear, delay too long, will only change.

For Wall Street financial companies, investors are not only interested in the profitability of these companies, but also pay close attention to such factors as corporate reputation, public opinion trend and legal risks. A little bit of agitation may lead to a large number of divestments by investors.

If the delay is too long, State Street bank withdraws its capital in order to ensure that its customers will not feel anxious, or it should not give up this part of business easily, then the merger may come to nothing at any time.

The couple arrive on the east coast, Simon stays in New York, and Janet goes straight to Washington.

He also made up his mind that cersei capital would not hesitate to sue if the mediation communication with the house of Representatives was invalid. After all, the deliberate harassment of the House Financial Services Committee was too obvious.

On the outskirts of Greenwich, Connecticut.

It's already Wednesday, May 25th.

Simon did not go to Manhattan in the morning, but met with Paul Spitz, a political lobbyist from Wisconsin, at Greenwich manor.

Paul Spitz was once the head of the political lobbying Department of Verizon and the political action committee affiliated to Verizon. Some time ago, after the westrow system launched its sniping plan for this year's mid-term elections, Paul Spitz, who grew up in Wisconsin, was sent to take charge of sniping the left-wing Democratic Party of Wisconsin, which has been targeting the westrow system recently The re-election of Party congressman Craig Ames.

Now, Paul Spitz has become the campaign manager for Craig Ames' rival, Wisconsin's moderate Republican candidate for the Senate, Robert hotwell.

During this period, Paul Spitz worked with his temporary employer to formulate a detailed and clear election program according to the specific situation of Wisconsin in the absence of hot political issues in the 1994 mid-term election.Paul Spitz even went a step further, dividing the voters in Wisconsin very finely, formulating special election programs and slogans, and accurately casting them to the middle class, veterans, ethnic minorities and other different groups of voters.

In fact, this kind of refined operation is not without precedent in the American political election. It is just that most political elections, even the presidential election, need to face a very critical obstacle, the problem of funds, to achieve this kind of refined operation.

Money is the least of the problems for the westero system.

Although the current federal election laws are still very strict, and there are many restrictions on political donations, it is not a problem to bypass these obstacles as long as you have the heart.

For example, this time, a large number of voter surveys required by Paul Spitz to control the team are conducted in the name of the local business surveys conducted by Westeros companies such as AOL and igritte in Wisconsin. This can not only enable Paul Spitz's team to obtain valuable voter feedback data, but also save a lot of money in disguised form.

This model is also not new in the American political election. Even if the matter is exposed, and even if it is subsequently investigated by the federal government, the result will only be a bad debt.

Before the fierce election campaign in the second half of the year, Paul Spitz has spent more than $5 million, directly or indirectly, in Wisconsin alone, which is equivalent to the average amount of campaign funds for each Senator candidate this year.

However, Simon didn't care because he was very satisfied with the work of the political lobbyist.

Paul Spitz's precise idea of special campaign planning for different groups of voters makes Simon see a feasible solution that can quickly promote the political influence of the westero system to the whole United States.

After all, the crux of a political campaign is to canvass. If you get votes from all kinds of voters by any means, you are the winner.

In many political elections in the past, politicians often offended the bottom groups while pleasing the middle class; offended the anti war groups while winning the favor of veterans; and even offended a large number of female voters when winning the male voters' votes.

The result is often like a bear breaking a stick.

Even if some candidates think of targeted canvassing, they are often limited to campaign funds or the organizational ability of the campaign team, and can not achieve real precise operation.

The westero system has enough capital, but also has the political ambition to influence the trend of the whole federal politics. Therefore, this elaborate operation scheme, which is often large and inappropriate for other politicians, is almost tailored to the westero system.

In the villa study, Simon and Paul Spitz spent more than two hours discussing the matter in detail before turning to the current sniper plan.

"In 1993, the average income of middle-class families in Wisconsin decreased by 2.7% compared with 1992, far exceeding the national average of 1%. The unemployment rate has also reached 8.6%, which is higher than the national average of 6.4%. The employment problem is the focus of our operation this year. "

Located in the rust belt of the great lakes where heavy industry is declining in the United States, Wisconsin's economy has been stagnant for a long time. In recent years, the deterioration of the U.S. economic environment has made Wisconsin worse.

Simon didn't cut in, just motioned Paul Spitz to continue.

"In fact, economic issues have also been the focus of the local government and members of both houses of Congress in Wisconsin over the years, and Craig Ames also attaches great importance to these issues. However, affected by the economic recession of the whole country, it is an established fact that Wisconsin's economic situation continues to deteriorate. As long as we operate properly, the public will not know the efforts of politicians such as Craig Ames. They will only see that the economy of their own state continues to slide, the unemployment rate continues to rise, and family income continues to decline. Then, our candidates can take the lead It's going up. "

"At the same time, Craig Ames has been pushing for more subsidies for low-income families and ethnic minorities in the past few years, and he also voted in favor of last year's federal fuel tax increase bill, which indirectly damages the interests of the middle class, which accounts for most of Wisconsin. Just in recent years, the average income of middle-class families has been decreasing, and they have to pay more It's not easy to have a good time. But Craig Ames is subsidizing the bottom of society in a way that damages the interests of the middle class, which will make him lose further points in this election. "

Simon heard Paul Spitz say this, suddenly said: "according to you, even without our support, Craig Ames seems very difficult to be re elected, do you think I still need you?"

This sudden question is a little sharp.

Paul Spitz was just stunned, then said with a smile: "boss, these are the impressions I want to instill in Wisconsin voters. From your performance, my strategy is very successful, so you need me."

Before the sniper plan, the westrow system had investigated Craig Ames.

As a veteran politician, Craig Ames is also a doer, although his political views are on the left, so his local support in Wisconsin has always been high.The question just now is just a little test of interest.

With the same nod, Simon said, "Paul, you can go on."

Paul Spitz gave up thinking about his boss's little problem for a while, and then said, "in addition, we've dug up some black material about Craig Ames in the second half of this year, and we plan to release it at the right time."

In this year's mid-term elections, due to the lack of clear political issues, many elections have become a dirty game of exposing each other's scandals.

Paul Spitz handed Simon a document and said, "Craig Ames himself is clean. He has no gray income, no secret lover, and he is very ordinary. However, in order to build up his own network, this politician has written University recommendation letters for many students in Wisconsin in the past few years. As you know, boss, the recommendation letters at the level of senators in Congress are of great help to the admission of famous Ivy League schools. Ordinary colleges and universities in various States are even equivalent to direct admission tickets. Of course, Craig Ames's letter of recommendation does not lack students who are good at both character and learning, but most of them are the children of the rich. That's the problem. "

Simon opened the folder and saw a copy of a letter of recommendation recommending a student named Paul Skrtel to the University of Wisconsin.

Paul Spitz, waiting for Simon to open the document, continued: "this Paul Skrtel is the son of a local food company owner in Wisconsin, because the Skrtel family is the main supporter of Craig Ames. Craig Ames issued this letter of recommendation for Paul Skrtel two years ago, helping the SAT score far from meeting the admission criteria More than 50% of young people entered the University of Wisconsin. Then, according to our investigation, Skrtel was suspected of assaulting at least six female students at the University of Wisconsin in the last two years, and the incident was suppressed by the Skrtel family. What we need to do is to find out and play up Craig Ames's support for the unscrupulous rich children's wanton abuse of civilian girls in the university campus. This scandal will directly impact Craig Ames's underlying voters. "

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