Chapter 1059 (1/2)
At the Waldorf hotel in Manhattan, Littman reserved a suite with a small conference room. There were no reporters, no flashlights, no outsiders.
Since Littman publishing house is a family business, the ownership structure is simple, complex and complex. The row opposite the long conference table is full. Except for lawyers and accountants, the rest are his relatives who own a small amount of equity. Before signing the memorandum of purchase, their families should sign the documents concerning authorization and distribution of interests after selling the publishing house.
But the atmosphere in the meeting room was still very depressing. Song Ya tried not to disturb them. He put his elbow on the table and held his cheek to keep quiet and waited in silence.
”Hum!”
A white man with a slightly shaggy look of Littman signed it with a sneer, then picked up his hand, leaned back in his chair, his face full of ridicule waiting for a good play.
Is this a cousin of Littman or a cousin? Anyway, according to owitz, he did not give little trouble to Littman in selling publishing houses, and their feud came to an end when his grandfather split up.
The document was passed to a well-dressed, elegant white woman next to Littman. Her lower lip trembled slightly as she held the pen. After signing hard, she immediately took out her handkerchief and nodded at the corners of her left and right inner eyes.
”Come on, mam...”
Littman took the paper from her sobbing mother, signed it neatly, then dropped his pen and looked at owitz in the middle of the table.
”Lawyers for both sides.” Owitz motioned to Goodman and the opposing lawyer.
”No problem.”
Goodman and Samuel of Yongdao examine the document and push it to song ya.
Song Ya checked carefully in person.
The deal includes 89% equity of Littman publishing house, which owns a headquarters building in a small town in New York State, a new printing factory near the headquarters, and an old printing factory in a small town in the south. The property rights of land, plant and equipment are owned or partially owned.
The office space in all major cities is rented.
The publishing house owns the copyright and distribution rights of many publications such as textbooks and novels, as well as the distribution rights of some newspapers, magazines and advertising printed materials. They also signed long-term contracts for the compilation, printing and distribution of promotional materials with some brands, most of which were junk letters that would be regularly put into the mailbox at the door of residents.
”So the advertisement of this yacht company was made by your family?”
Song Ya saw a familiar brand from a yacht manufacturer who often harassed him. He sent a thick catalogue of yacht models to highland park every week. It was printed on color coated paper, which was as exquisite as fashion magazines.
”Well.” Littman wasn't in the mood to talk about it.
Song Ya continued to read. The second valuable asset package was the majority equity of hi fi magazine, followed by modern photography, stereo review and other newspapers and magazines with different numbers of shares. The proportion of those behind did not exceed 50%, and some of them did not even have the board seats of the corresponding magazines.
From collusion to today, both sides have a very clear understanding of each other. In the year when Littman sold himself Americana music magazine, the value of these paper media alone was estimated to be more than 50 million. Now, 85 million of them can still build up a publishing house which is in normal operation, still in balance of income and expenditure, with a slight profit
“OK。”
Song Ya felt that there was no problem. If he had won it, he could promote the distribution of educational videos earlier. This requires the education departments of various states and the Education Committee in the parliament. Littman magazine is fully competent.
”Aplus, your side...” Owitz pointed.
”Oh, I'm sorry.”
Their pre obligation is to license the distribution of Johnny Carson's unfinished memoirs to Littman publishing house, and the printing and distribution business of Americana music magazine to them, ”Mrs. Carson, Ms. Fleming.” Johnny Carson's current wife, Amelia music editor in chief Shirley Fleming, and the lawyers were also present, so they signed the documents they were responsible for signing.
Finally, the moment of signing the memorandum of acquisition, the lawyers of both sides put the thick documents in front of them.
Don't change the name of the publisher, leave a seat for Littman, Barbara
After checking again, he finally looked at the figure of $85 million in the document. Song Ya subconsciously cracked his teeth and made a cruel heart. He signed his own name on the documents instructed by Goodman, and then both sides exchanged documents and continued to sign with their heads closed.
”Hoo!”
It's 85 million, and the cost of the acquisition is more than 90 million. Because of his trust in Sloan, he didn't pay much attention to the whole acquisition. When he really took out the real gold and silver, he was still under great pressure. He took a long sigh of relief and extended his hand to Littman: ”let's celebrate?”
”No, I have another meeting.” Finally showing a little melancholy, Littman refused.
What will? Oh, his creditors are waiting outside. ”Then I won't disturb you.”
Littman didn't want to send him, and raised his hand to show that he knew.Before Song Ya and his party left and the creditors entered, a fierce and southern accent quarrel broke out in the conference room, which had nothing to do with himself.
”It's a good business, boy!”
Owitz slapped him affectionately on the face. ”What's the point? Only the more painful the negotiator, the more able to prove that the deal is right! ”
”I hope so...”
Song Ya doesn't think the old man has done his best. In any case, it is difficult to change. After the transaction is officially completed in January next year, nearly 100 million green rice knives will no longer belong to him.
”Dress yourself up in the evening, and I'll show you some big names.” Said owitz.
”At night?”
”What?”
”I'm going to the charity auction here in the evening.” With Murdoch's appointment, it's not convenient to tell Ovitz about it.
”Ha! So we're talking about the same thing. See you in the evening? ”
”See you in the evening.”
The two parties broke up in the corridor, and Sonya sent Ms. Fleming out of the hotel and returned to his suite.
”Are you going to be socialized with him?” Sloan asked.
”This guy had better understand his situation and not embarrass me.”
Song Ya only knows that Mrs. Astor personally presided over the charity auction. Murdoch will be there in the evening. Maybe there are other people in the media industry who are too close to owitz, and gossip can easily get into the ears of Disney emperor.
Although he didn't ask fox if it would comply with Disney's ban, Hollywood tycoons should not be in public contact with owitz at this time, ”tired!” A week of high-intensity rehearsal, morning people are still in Chicago, he fell on the sofa refused to get up.
”So you don't have a plan for the publishers and magazines that just cost 85 million?”
Sloane threw a pillow over.
”Of course, but I'm sorry I can't disclose it now. I'll wait until I get my things in hand.” Song Ya betrayed Guan Zi.
”Littman won't break his contract. If you look at his situation today, you can't afford to pay.” Sloan said.
”I've had so many accidents that I don't have to bet.”
Song Ya said with a smile: ”don't worry, I will revitalize this publishing house, it has been able to live.”
”And the magazines?”
”The magazine can be opened up to find buyers, and the news has been sent out to Ms. Shirley Fleming.” Song Ya replied.