1RomanceEB Chapter 48 Paparazzi Intercept Ma Jingquan
Chapter 48 Paparazzi Intercept Ma Jingquan
"Damn it! Is your brain filled with swill? You can't even do such a simple number, is it stuck to the thread?"
"Zhang Dan was wrong from the very beginning..."
"An explanation is just a cover-up, and a cover-up is the truth. Faced with the truth, do you still dare to argue?"
"Damn it! I'm not doing this anymore!"
“…………”
Since returning from a two-week suspension, Jiang Yan has been subjected to a severe scolding every day.
The people who criticized him were either his boss Chen Guanjiang, the head of the communications distribution department Tang Yufei, or the former cleaning lady.
Chen Guanjiang was at least scolding people behind closed doors, while Tang Yufei reprimanded them in front of ordinary employees, and it wouldn't be an exaggeration to say that he was scolding his grandson.
The cleaning lady had no more inhibitions. The more people there were, the more excited she became, and the more offensive her insults became. She talked about everything from relatives up to three generations down, including her sisters, and her words flowed like a vast and endless river.
Jiang Yan could tolerate it for a day or two for the sake of his job, and he could stay for three or four days because of the salary. But being scolded like this every day was unbearable for anyone, so he immediately chose to resign.
"Call everyone in for a meeting!"
Once everyone from the newspaper had arrived at the conference room, Chen Guanjiang cleared his throat and said, "I have a few things to announce!"
"Item 1: Tang Yufei, the former head of the Communications and Distribution Department, is promoted to editor-in-chief and enjoys a 5% share of the profits. Hao Yuze, the former head of the Information Editorial Department, is promoted to deputy editor-in-chief and enjoys a 3% share of the profits."
"Second item: Separate entertainment news from dog-related reports, with the entertainment news section becoming a separate publication, and the Hyena Daily renamed Hyena Weekly, primarily managed by editor-in-chief Tang Yufei."
"The third item: Relaunch the 'Wang Gou Daily,' which will mainly publish reports on dogs, with new sections on horse racing and financial news, and will be mainly managed by Deputy Editor-in-Chief Hao Yuze."
"Fourth item: Job postings will be published across all sections, covering positions such as legal counsel, finance, accounting, horse racing editors, novelists, and financial editors specializing in stock analysis..."
"Congratulations, Mr. Tang, on your new position! Tonight, we'll be having a feast of nine dishes..."
Congratulations, Deputy Editor-in-Chief Hao…
“…………”
Although the promised equity was changed to dividend rights, Tang Yufei and Hao Yuze were still very satisfied.
Given the newspaper's previous size, a 10% stake wouldn't have been worth much. But now, The Hyena Daily is a completely different company, holding an absolute dominant position in the film and entertainment industry.
As a rising star, while stabilizing his main business, he has already begun to challenge his predecessors.
Hong Kong Newspaper Group's current market share:
Political news accounted for 35%;
Horse racing information 28%;
Various novels accounted for 17%;
Film and entertainment 10%;
Financial news 3%;
Sports news 3%;
Dog-related information 2%;
Other categories: 2%.
Hong Kong's largest newspaper was undoubtedly Sing Tao Daily, owned by the Hu family of Southeast Asia, which led the pack with its three newspapers averaging 25 copies sold daily.
Hong Kong's second largest newspaper is Cheng Pao, owned by Ho Man-fa. Although it is a single newspaper, it can achieve an average daily circulation of 12 to 15 copies, which is terrifying.
The third largest newspaper in Hong Kong was Oriental Press Group, which rose to prominence within three years. Oriental Daily News was catching up rapidly with an average daily circulation of 8 to 12 copies.
The fourth largest newspaper in Hong Kong is the Overseas Chinese Newspapers Group, founded by Cen Weixiu. The Overseas Chinese Daily has an average daily circulation of 6 to 8 copies, and the Overseas Chinese Evening Post has an average daily circulation of 5 to 7 copies.
This shows that film and entertainment are ultimately niche markets, while political news and horse racing information are the core of Hong Kong's newspaper industry. If newspapers want to develop further, they must enter other fields to seize market share.
Political news requires accumulation. If Chen Guanjiang wants to quickly expand the newspaper, the only field he can choose to enter is horse racing information. To avoid failure, he deliberately added a financial section as a safeguard.
So-called horse racing information is not about writing style, but about meticulous analysis and research, and then subjectively predicting the results of the next race, the more accurate the better.
Hong Kong has a deep love for horse racing, and the culture is ingrained in its very being.
Correspondingly, horse racing news reports are naturally the most popular, and the fact that Oriental Daily News, which mainly focuses on horse racing news reports, was able to rise to prominence in just three years is the strongest evidence of this.
Thus, horse racing news reporting can be considered the biggest piece of the pie in the newspaper industry, and the competition is naturally the fiercest.
Before 69, there were countless small newspapers dealing with horse racing, but they disappeared after the founding of the Oriental Daily News, leaving only a few influential newspapers to continue working in the field.
The reason for this was simply that the editor-in-chief of the Malaysian business tabloid was subdued by the Ma family through violent means, and the newspaper was either forced to cease publication or be acquired, which allowed the Oriental Daily to grow rapidly.
Even three years later, those working in the newspaper industry still remember how brutal it was back then. Without some connections, who would dare to easily venture into the field of reporting on the Malaysian Economic Journal?
however!
Chen Guanjiang knew the actual situation of the Ma family. After MacLehose took office, he pursued their evidence. Apart from "Crippled Ho" who was still courting death, the other families did not dare to show their faces.
It can be said that now is the best time to enter the field of horse racing reporting. If we wait any longer until the Ma family incident is over and Oriental Daily News has completely stabilized its market, it will be much more difficult to enter the horse racing field.
Looking at the employees below, Chen Guanjiang knew that the previous rectification had not been in vain. If he had proposed to compete with the Ma family when he first took over the newspaper, he was afraid that all of them would have left.
Now, the employees are not afraid at all; on the contrary, they are eager to try and take on the challenge. Only now can the newspaper be truly united as one.
"Boss!"
Tang Yufei asked, "Excuse me, how do I get financial news?"
It's no wonder that this question arises. Although both the Economic Herald and the Hong Kong Commercial Daily have economic and commercial names, their essence is not entirely focused on financial news.
After all, Hong Kong's newspaper industry is diverse, with almost all newspapers having both main and supplementary publications, making it difficult for a single type of publication to survive.
Even the full-page entertainment news publication, The Hyena Daily, had to switch to a weekly format.
The first true financial newspaper in Hong Kong will be the Hong Kong Economic Journal, which will be established next year. It was born in response to the stock market boom and will also perish when the bubble bursts, lasting only a year before closing down.
Other types of newspapers only offer financial information as a supplement, and their understanding of stock analysis is even more superficial.
After all, before 69, ordinary Chinese people could not participate in the stock market, so there was naturally no market for stock-related financial news.
Whether it's the "Stock Market Weekly" and "Stock Market and Banking Market" established last year, or the "Financial Daily" and "Stock Market Review" established this year, their overall quality is extremely low.
The book is filled with all sorts of titles, such as "Stock Market Secrets," "Market Makers' Secrets," "Stock Trading Diaries," and "Insider Fax," and the pseudonyms like "Behind-the-Scenes Guest," "Hotspot Guest," and "Wanli" are even more confusing.
There are no institutions or professional analyses, and the terminology used is all about today's hot topics, hot stocks, second-hot stocks, and unpopular stocks. It's completely like analyzing stocks in the same way as horse racing and dog racing.
"Start by poaching people from the IPO advisory committee!"
Chen Guanjiang pondered for a moment and continued, "Let's find some stock analysts from the public to write articles based on specific stock analyses, and then I'll figure out a way..."