Chapter 1151： financial media

"Why didn't you tell me earlier?"

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

"Um?"

"I never thought that imitating myspaebook in the past would have its own development route."

Dunn stared at the confident Mark Zuckerberg and frowned, "You must know that the other party's behavior is already suspected of commercial espionage and anti-competitive behavior, and can be charged."

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

Tang En was angry and funny, "You don't care, do you know that it's fake to threaten you, and it's real to put eye drops on me? Do you really think that with Facebook's current size, it's worth the other party to do this? Rudeness? It's because of the new Universal Group behind Facebook."

"Maybe, but..." Mark Zuckerberg sneered, "News Corporation is a media empire, there is no doubt about that. It's a pity that 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 the field in this field. If News Corp will focus on blogging content and interacting with users, then in my opinion, facebook's chances are not good. Big. But now? myspace is making a portal for music and video, it's not doing sns, it's doing media."

Dunn glanced at him, "What about the media?"

Mark Zuckerberg said: "If you are a media...there are three mountains in front of Yahoo, America Online and msn portal. It is impossible for myspace to compete in this field. Once the sns field is developed, it will be It's going to be a strong industry worth $300 billion a year, and obviously Murdoch doesn't realize that. He's a media guy, but he doesn't understand sns."

Dunn sat in Zuckerberg's office, crossed his legs, and said with a smile, "Murdoch failed to get his hands on Yahoo. This is because he wants to use the platform of myspace to realize his ambition. msn has more than 2 users. 100 million, but it has not been realized for a long time, and it is not too much 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 social platform."

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

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

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

……

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

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

The gap is too big.

If News Corp wants to eat Dow Jones, as long as Murdoch is determined, it will be difficult to fail.

The 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 sector.

As Murdoch said, by acquiring Dow Jones, News Corp. can make up the last piece of its media business empire.

To bid for Dow Jones with Murdoch?

This is very irrational.

Murdoch, in his previous life, wrote a check of $5 billion in order to acquire Dow Jones!

A full 250% premium!

This shows that Murdoch's ambitions for the Dow Jones and the "Wall Street Journal" must be won.

Dunn is not interested in getting in.

It's just that he's a little 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 spend money on expensive newspapers.

Even the New York Times, the Washington/Washington Post, and the Sunday Times all saw their sales plummet.

In this case, why is Murdoch interested in The Wall Street Journal?

After investigation, Dunn 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 is not only a monopoly on Wall Street, but also for financial users all over the world.

The Wall Street Journal launched its online edition as early as 1993, and it became fully charged in 1996.

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

Paid content did not cause the Wall Street Journal's subscribers to decline. On the contrary, Internet users increased each 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 economy, politics, education, and managers of most of the top 500 companies.

In other words, the user base of The Wall Street Journal is all rich people. They don't care about paying to read, they only care about the best financial content the Wall Street Journal has to offer.

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

Different from traditional media in other fields, financial media has stronger user adhesion and stronger ability to pay.

Under the impact of the Internet, traditional newspaper industries such as The New York Times, The New York Post, and the Los Angeles Times have been hit hard. And once the online version of these newspapers launched the charging model, the number of users dropped sharply by 90%! You can only use the free model, sell ads, and make a living.

But the financial sector has been affected only minimally.

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

New Universal has no newspaper business.

Even the publishing industry was sold early.

Although the "Wall Street Journal" is good, Dunn didn't even think about buying it back just to fight Murdoch.

However, after seeing the power of The Wall Street Journal, Dunn has a more comprehensive understanding of financial media.

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

The payment is high, the content is professional, and the user bonding is strong.

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

Dunn was moved.

As the world's leading media empire, New Universal Group should have made achievements in the field of financial media.

Can make long-term and stable money, can attract the world's top high-end users, and can ... start a head-to-head confrontation with News Corporation!