Chapter 1156 ESPN Is Too Expensive

If New Era Media pays nearly 20 billion US dollars in stock or cash, what can it get?

The 22 local sports channels are so lacklustre. The more Yang Cheng thinks about it, the more uncomfortable he feels. No wonder he didn't directly agree to it in Iger's office. He finally found the reason.

Don't talk about the actual value, it's unfair to pay one-third of the purchase price, but only get 22 local sports channels!

Human nature is like this, even after seeing strong winds and waves, Yang Cheng still can't escape, always wanting more, secretly hating himself for not being reborn a few years earlier, and giving him a few more years, he is sure to develop the new era media into a stronger, more Competing with Disney in strength, it fully merged and acquired the Fox Group.

It's a pity that it's useless to say anything now, and I can only find ways to deduct more benefits, such as ESPN.

That's right, he still hasn't given up on ESPN, but how can he convince Iger to agree to sell ESPN to him?

In recent years, Disney has continued to expand its territory in Hollywood, successively acquiring rich original content producers such as Pixar and Marvel.

Last year, it achieved a feat of annual net income of 6 billion US dollars, but the hidden worries of media network revenue decline in recent years are still difficult to get rid of.

In fiscal year 2015, 45% of Disney's operating income came from media networks, and ESPN was the first to bear the brunt.

However, the profit is extremely weak. The reason is the loss of a large number of users. While Disney’s TV network loses users, Netflix’s paying users have accumulated hundreds of millions of levels. If no changes are made, the gap will become wider and wider. However, this One point will be effectively changed after holding HULU video, so that ESPN's position in Disney's big cake will not be so important.

However, if ESPN is in the hands of New Era Media, its status will undergo earth-shaking changes, and it can perfectly complement regional sports channels.

When multiple sports games start at the same time, ESPN can broadcast the focus battle with the highest attention among them, and regional sports channels can broadcast the home team games of fans in the region, thus covering more people.

Moreover, when faced with the ever-increasing broadcast fees of sports leagues, New Era Media can also use its user advantages to negotiate and obtain more favorable prices.

Thinking about it this way, Yang Cheng became more and more eager for ESPN. However, there is another important problem here. ESPN is too expensive, even more expensive than ABC TV station. It is not a number that can be easily traded. It is not a joke that ESPN brought half of Disney's revenue by itself.

Thinking of this, Yang Cheng couldn't help backing down. With the money to buy ESPN, he might as well grab the entire Fox Group.

Dispelling this unrealistic idea, he began to focus on the 22 local sports channels, "Ryze, you are in charge of sending someone to investigate the 22 Fox sports channels and submit a detailed acquisition report. I want to know the overall and the estimated purchase price after taking into account the premium.”

Although Robert Iger has already given the approximate figure, Yang Cheng is willing to believe it, but in the end, he still has to investigate it himself. He can't say what it is. For transactions of this level, fractional units are calculated in billions. Hasty decision?

In Yang Cheng's words, the company has started preparations before the acquisition.

And Yang Cheng asked Murdoch to meet at the cigar bar. He was going to talk to the old man in person. Anyway, Disney has not yet reached an agreement with Fox. It would undoubtedly be better if they could bypass Disney and directly acquire Fox Sports from Fox. The best choice can save at least a billion or even billions of dollars.

"Rupert, long time no see~" Yang Cheng's figure was upright and full of vigor, compared with Murdoch's stooped figure, it was like the sun rising in the morning.

"It's been a long time since I saw Jason~" He gave a symbolic hug to Yang Cheng, then entered the box with Yang Cheng's support, and ordered the waiter to take out the handmade cigars he kept here. After a set of procedures, he smoked beautifully After taking a sip, he laughed at himself, "Look at my body, it's getting worse every day. I didn't need someone to help me last time I came here."

Yang Cheng is asking for others, and her speech has become sleek and beautiful, "It's also because you are not careful, you can also wrestle in your own home, otherwise, according to your physical condition, you will not have a problem living to 100 years old."

The news that he fell and went to the hospital for treatment was spread all over New York City.

Murdoch laughed and lit a cigar, "You little fox is getting better at talking. By the way, I'm going to hold a wedding in March. Remember to come and attend."

Yang Cheng was stunned for a moment, and thought to himself, "Damn, this old man is really awesome. He is still holding a wedding in his 80s. He and Wendy just got married not long ago."

However, he did not forget to congratulate, "Congratulations, if I have time, I will definitely be there to congratulate."

But he asked immediately, "When did you find a new girlfriend?"

With a cigar in his mouth, Murdoch said with a red face, "Hey, you don't care about me too much. Last year I took Jerry to the Barclays Center to support your team."

Yang Cheng scratched his head in embarrassment. He really didn't pay attention to this matter. The media must have exposed it long ago, right?

Now Barclays Center is the favorite place for New York journalists and paparazzi to hang out, and any trouble can't escape their long guns and cannons.

"Well, I admit, it's my fault, I should read more gossip newspapers."

Murdoch was also joking and waved his hand, "The wedding banquet will be held in London, just remember to come when the time comes. I will introduce Jerry to you. She has many friends from younger generations, and she is the favorite supermodel of your young people."

Only then did Yang Cheng remember that before Murdoch divorced Wendy, he had been hanging out with a former world supermodel who was more than 20 years younger than him. It seemed that this was going to be a good result.

"That's my honor, but before that, Rupert, you have to do me a favor." Yang Cheng didn't want to waste time talking nonsense, and went straight back to the topic, "I want your Fox Sports, sell it to me, the price is yours open."

Rupert put away his smile and smoked cigars more vigorously. It was not surprising that Yang Cheng knew that he was going to sell the Fox Group. In some eyes, there were no secrets in this world at all.

"I'm sorry, but I don't want to sell the business in pieces." In other words, he only accepted the whole offer.

However, Yang Cheng didn't expect Lao Mo to agree, and said patiently, "Fox Sports is tasteless to Disney. It can't be swallowed, and it's a pity to spit it out. In Disney's hands, Fox Sports will become meaningless.

On the contrary, under New Era Media, Fox Sports can maximize its due value. "

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