Chapter 240: Chapter 240 The Idea Of Establishing A Group Company

The scandalous event caused NBC Broadcasting Company's reputation among viewers to plummet, and regaining their former stature would not be a quick or easy task.

Meanwhile, the demonstrations didn't stop until a week later. CBS's reputation was also somewhat damaged due to the poaching incident.

ABC seized the opportunity to firmly establish itself at the top of the three major TV networks.

Hardy's retaliation.

Striking at his competitors while boosting his own standing was a two pronged strategy.

But it wasn't over yet.

Henry was still in action.

At NBC, he bribed a planner and an editor. At CBS, he bribed a stenographer and a reporter.

These individuals could provide him with a wealth of information, such as the current projects these two networks were working on and their internal affairs.

Sometimes, a small breakthrough could cause a major blow to a company. Sёarch* The ηovёlFire .net website on Google to access chapters of novels early and in the highest quality.

The HD Security Intelligence Office has now expanded its functions. Hardy's directive was to develop it into a multi functional intelligence department capable of gathering information, spying on secrets, conducting undercover investigations, tracking and counter tracking, and establishing an intelligence network.

It was starting to resemble a spy organization.

Bribing employees of rival TV networks was more effective than poaching. Hardy could learn about any developments immediately and react accordingly.

For example, in recent days, CBS was planning a new program and approached a Broadway theater in New York to live broadcast their performances.

The Broadway theater was somewhat interested but did not immediately agree. The next day, ABC signed a contract with the theater to broadcast ballet, opera, and musical performances.

When the CBS executives received the news, the president was furious.

But there was nothing they could do, as the contract was already signed.

The reason the contract was signed so quickly was that Hardy had sought help from the old godfather, who used his connections to communicate with the Broadway theater's senior management, making the process smooth.

The war among the three TV networks ended with ABC's overwhelming victory. CBS and NBC wanted to catch up, but before they even started, they stumbled and fell into a pit, making it even harder to rise and pursue.

During this period, ABC's development was very smooth, and various programs received positive responses from viewers.

TV shopping was booming.

Andy reported the gains of this period to Hardy.

"The 5,000 motorcycles we previously acquired have all been sold out. Although the price was low, our purchase cost was lower, and the total revenue was $126,000."

"Because this motorcycle was so popular, the motorcycle factory also received significant publicity. I had someone publish a small article in the newspaper, introducing the factory as very promising. The factory's stock price has now risen."

"We initially bought 58.3% of the motorcycle factory's shares, investing $140,000 at the time. Now it's worth $520,000. Boss, should we keep the motorcycle factory's shares?" Andy asked.

Hardy waved his hand, "You make the decisions on investments. When to buy and when to sell, you can decide for yourself."

Andy felt very touched by the boss's recognition and trust.

"Understood, boss."

Andy continued, explaining that they had not only bought shares in the motorcycle factory but also in clothing factories, shoe factories, hair dryer factories, chocolate factories, and more, totaling over a dozen factories.

The products sold on TV shopping these days were all from these manufacturers. The promotional effect of a three hour broadcast was very noticeable, and the stock prices of these factories had all increased to varying degrees.

Andy calculated carefully. They initially invested about $1 million, and now selling the stocks should bring back $3 million.

A 300% profit in such a short time.

As "Das Kapital" states, with a 50% profit, capitalists will take risks, with a 100% profit, they will trample all human laws, with a 300% profit, they will commit any crime, even risking the gallows.

Hardy had achieved this without risking being hanged.

"Boss, some big brands have now approached us, hoping to set up a few TV shopping sessions. The TV station's conditions are advertising fees plus sales commissions. The advertising fee is $30,000 per session, and the sales commission is 30% of the sale price."

Hardy thought, isn't this the live stream sales model from the future?

"Currently, we can't accept all goods, mainly because of the inconvenience in supply. It is preferable if there are counters in every city's mall or sales outlets spread out around the area where buyers may pick up their purchases. We are unable to work with those who lack sales points."

Hardy knew that the future's fast paced live stream sales were mainly due to efficient logistics, which were far from being achieved now.

This made Hardy think again about the idea of setting up large logistics supermarkets.

If each city had a large supermarket, it would be like establishing numerous distribution centers. Customers could pick up TV shopping products at these supermarkets, truly achieving nationwide sales.

The profits would definitely be higher.

Finally, Andy talked about stock investments. He had hosted a few sessions as a stock expert. Through market influence and capital operations, the initial $1 million investment has now grown to $1.6 million. This profit rate was very high in the stock market.

After discussing these matters,

They both relaxed. Hardy handed Andy a well cooked cigar, and they smoked together.

Andy took a few puffs and said, "Boss, I have a suggestion."

"Go ahead."

"I think you should establish a group company," Andy said.

Hardy paused in his smoking.

"What are your thoughts?" Hardy asked.

"You now have dozens of industries, and management has always been loose. Each company operates independently and reports to you directly. You can manage it now because you are still young and energetic, but as your business inevitably grows larger, there will come a time when you can't oversee everything. Forming a group company to manage your industries under one umbrella will be very necessary."

Since re-birthing into this world, Hardy's energy has been exceptionally abundant, he rarely feels tired, and his memory has also improved significantly. While not photographic, it was close. Therefore, despite having so many industries under his name, he had not felt overwhelmed and had not considered forming a group company.

But he knew he would eventually reach that point. With Andy's suggestion today, Hardy felt it was now completely feasible and would only benefit him.