Heads Up Hollywood

"Why didn't you say it earlier?"

"I don't think it's serious."

"Um?"

"I never wanted to imitate Myspace in the past. Facebook has its own development route."

Tang En stared at the confident Mark Zuckerberg and frowned, "You have to know that the other party's behavior has been suspected of commercial espionage and anti-competitive behavior, and can be charged."

Mark Zuckerberg said neither humble nor overbearing: "Silicon Valley only believes in the choice of the times."

Tang En was annoyed and funny, "You don't care, do you know that it's fake to threaten you, and it's true to give me eye drops? Do you really think that with Facebook's current size, it's worth the other party's effort?" Rude and disrespectful behavior? This is because of the new Universal Group behind Facebook."

"Maybe, but..." Mark Zuckerberg curled his lips mockingly, "News Corporation is a media empire, there is no doubt about it. Unfortunately, they don't understand SNS."

"SNS?"

"It's social software and online social platforms."

"Are you so confident?"

"Myspace is a great blog, and certainly the king of it in this space. If News Corp. is going to focus on blog content and user-to-user interaction, then in my opinion, Facebook's chances are not good. Great. But now? Myspace is making music and video portals, not SNS, but media.”

Tang En glanced at him, "What about the media?"

Mark Zuckerberg said: "If you are in the media... there are three big mountains in front of you: Yahoo, America Online and MSN Portal. It is impossible for Myspace to grab the territory in this field. Once the SNS field is developed, it will It will be a strong industry with an annual output value of 300 billion U.S. dollars. Obviously, Murdoch is not aware of this. He is a media person, but he does not understand SNS."

Tang En sat in Zuckerberg's office, crossed his legs, and said with a smile: "Murdoch failed to get a finger on Yahoo, because he wanted to use the Myspace platform to realize his ambition. MSN has more than 2 million users. 100 million, but has not been able to realize it for a long time, it is not an exaggeration for Murdoch to look down on this market.”

Mark Zuckerberg shook his head and said: "MSN is too closed and too commercialized, while Facebook is a popular entertainment and social platform."

Tang En nodded, "You just know what you have in mind. Mark, you have to understand that I will support you no matter what. My confidence in Facebook is no worse than yours! When Facebook really develops in the future, it is bound to compete with New Global Split up. At that time, the helm of Facebook must be you.”

Mark Zuckerberg smiled shyly, "What about News Corp?"

Tang En narrowed his eyes slightly, and said lightly: "I care about myself."

...

With a current market capitalization of $76 billion, News Corporation is an absolute media empire.

The Dow Jones Group has a market capitalization of just $2 billion.

The gap is too big.

News Corporation wants to eat Dow Jones, as long as Murdoch is determined, it is difficult to fail.

Dow Jones is too famous in the financial world, and the Dow Jones index is an important indicator to measure the economy. The Wall Street Journal, owned by Dow Jones, is the bible in the financial field.

As Murdoch said, the acquisition of Dow Jones can provide News Corporation with the last piece of its media business empire.

Going to bid for Dow Jones with Murdoch?

It's irrational.

In his previous life, Murdoch wrote a check for 5 billion US dollars in order to acquire the Dow Jones Corporation!

A full 250% premium!

This shows that Murdoch is determined to win the Dow Jones and the Wall Street Journal.

Tang En was not interested in intervening.

It's just that he's kind of weird.

The traditional newspaper industry is becoming more and more depressed under the impact of new online media. People prefer to pursue free news information on the Internet rather than pay for expensive newspapers.

Even the "New York Times", "Washington Post" and "Sunday Times" have lost sales.

Under these circumstances, why would Murdoch be interested in The Wall Street Journal?

After investigation, Tang En discovered the mystery.

The Wall Street Journal is the largest newspaper in the United States, providing the most timely financial news, economic data, charts and market analysis.

In the financial field, it is almost a monopoly!

It not only monopolizes Wall Street, but also faces financial users all over the world.

As early as 1993, the "Wall Street Journal" launched an online version and realized full payment in 1996.

That's right, this is the world's first online paid reading!

Paid content has not caused the "Wall Street Journal" users to decline. On the contrary, the number of Internet users is increasing every year. Up to now, the global subscribers of the "Wall Street Journal" website have exceeded 6 million.

That's what makes The Wall Street Journal special!

It has the group of users with the strongest purchasing power in the world, including people in the fields of economics, politics, and education, including managers of most of the top 500 companies.

In other words, the user base of The Wall Street Journal is all wealthy people. They don't care about the cost of paying to read it, they only care about the highest quality financial content that The Wall Street Journal has to offer.

Unlike sports, culture, entertainment, fashion and other industries, practitioners in the financial industry are mostly elites of this era, and they are not short of money!

Different from traditional media in other fields, financial media has stronger user bonding and stronger payment capabilities.

Traditional newspapers such as The New York Times, The New York Post, and The Los Angeles Times have been hit hard by the impact of the Internet. And once the online editions of these newspapers start charging, the number of users will drop by 90% immediately! You can only use the free model, sell advertisements, and earn a living.

But the impact on the financial sector has been minimal.

Even though sales of the paper version of The Wall Street Journal have declined, users of the online version have increased year by year. Users just changed from paper media to online media.

New Universal has no newspaper business.

Even publishing was sold early.

Although the "Wall Street Journal" was good, Tang En didn't think about buying it back just to fight against Murdoch.

However, after seeing the power of the "Wall Street Journal", Dunn also had a more comprehensive understanding of the financial media.

Financial media is like a professional cable TV station in the field of TV stations!

High payment, strong professional content, and strong user bonding.

Compared with the media for the general public, the financial media is unique!

Tang En's heart was moved.

As the world's leading media empire, New Global Group should have achieved something in the field of financial media.

To be able to make long-term and stable money, to attract the top high-end users in the world, and to... start a head-to-head confrontation with News Corporation!