Chapter 244 (1/2)
Song Ya began to study Johnson after booking his flight to Washington. From various aspects, he was greatly helped by John Malone, CEO of TCI company. John Malone was trying to open up black subscribers at that time. After hearing Johnson's idea of establishing bet, they fell in love with each other. John Malone invested 20% of the shares and provided a loan. What's more, he put one into practice The valuable cable TV channel resources are directly handed over to bet.
It's no wonder that in the financial magazine that Hayden found, Johnson described his success by quoting an old Chinese saying: ”the time is right, the place is favorable, and the people are harmonious.” he is really lucky. Of course, the opportunity is only reserved for those who are prepared. With his own efforts, he was admitted to the Graduate School of public affairs and international relations at Princeton University in the 1960s, and after graduation he became a member of Parliament The representative worked as a press secretary and got a chance to be a lobbyist for the National Cable Television Association. Since he entered the industry, he has contacted with the top figures in the industry. Therefore, when the market demand for opening a TV station dedicated to black people emerged, he grasped it keenly, and the industry leaders also chose to trust him.
”After cable TV operators borrow money to build a new network system, they can successfully realize the purpose of tax exemption of operating cash flow by rapidly depreciation of construction costs...”
Compared with Johnson, it was John Malone, TCI's godfather, who attracted song Ya's attention.
”If the same operator continues to borrow money to acquire or build a new network system, it can always keep its cash flow without paying taxes Cash flow and no tax? Tut... ”
”TCI boss Magnus's famous saying is: better pay interest, never pay tax! Wow... ”
After reading this, song Ya dials Samuel's phone, ”if I greatly depreciate the new equipment of a + record, can I reduce the profit and pay less or no tax?”
”What about the next year?” Samuel asked.
”Borrowing to buy new companies? Continue depreciation? ” Song Ya told Samuel about his reading.
”In the record industry, you can't do that. John Malone's industry is special. Cable TV subscribers generally don't unsubscribe. This kind of stable and predictable long-term cash income is very valuable. The fixed asset investment scale of cable TV network is also very large And he can play like this. He's John Malone. This kind of non-stop M & A is like walking a tightrope. Maybe he will go bankrupt one day. Frequent mergers and acquisitions can't be completely out of touch with the law. High debt and tax underpayment are also easy to attract attacks from powerful politicians and relevant departments. For example, Senator Al Gore has been fighting John Malone for several years? I can't carry it. ”
Samur Doutou poured Songya a basin of cold water.
”All right.”
Sonya and talaji soon met Johnson in Washington, who, like a white man, chose to speak on the golf course.
”If you can get more business opportunities by playing this game, practice more and play more. Don't worry about how the outside world talks about you...”
”The more successful you are, the less you need to please them,” said the medium-sized, scholarly Johnson
”Well, I'm a singer. I eat by flattering the public.” Song Ya put the ball well, he did not know the other side called himself to chat, what medicine was sold in the gourd.
”But we can't have no bottom line, let alone manipulate that kind of issue for profit.” Johnson taught.
”Come on, you're a media tycoon. You've been in the media industry for so many years. You can't help but understand Quincy Jones. Do you really believe what he says?”
Song Ya swings with anger. This time is good. He hits the ball high and far, but Well, well, it seems that the direction is a little bit too far, but it's progress.
”I don't believe him, but I don't believe you either. You're closer to the donkey party than he is. You go to South Africa, donate money to various donkey party figures, attend all kinds of equal rights activities, and you are like a backup star of the donkey party.”
Two people get on the golf cart.