After successfully acquiring New World Daily, Wang Bing informed Jiang Fei of the news immediately.
That afternoon, Jiang Fei had an hour-long meeting with the editor-in-chief of New World Daily. After the meeting, Jiang Fei immediately injected 5 million Hong Kong dollars into New World Daily.
At the same time, Chen Farong transferred two finance and human resources departments from the food company to the New World News Agency.
The next day.
New World Daily held a press conference to officially announce the transformation of the newspaper into a free newspaper!
Free newspapers were provided to Xiangjiang citizens.
As soon as the news was released, the entire Xiangjiang newspaper industry was shocked.
Some newspaper industry professionals severely criticized New World Daily for being a disgrace to Xiangjiang newspaper industry, which broke the industry rules and should be closed down.
Some people thought that New World Daily was trying to please the public.
By providing newspapers for free, it meant that the newspaper office had no source of income and was constantly incurring losses.
How long can it last?
In the end, it wasn't that they couldn't avoid bankruptcy.
In fact, it was not the first time that a free newspaper had appeared. It had appeared in 1962, but it was a flash in the pan. It had only been published for a few days before it went bankrupt.
100,000 copies a day.
The cost of a newspaper, excluding the content and labor costs, was 30,000 Hong Kong dollars.
How many companies could afford to lose 30,000 yuan a day?
However, Jiang Fei could afford to lose.
Now, the food and beverage companies could bring him a net profit of 30 million Hong Kong dollars a month.
Even if he lost 30,000 yuan a day, he would only lose 900,000 yuan a month, which was less than one million Hong Kong dollars.
One million Hong Kong dollars was nothing to Jiang Fei.
Moreover, Jiang Fei felt that it was worth it to own a newspaper with the largest circulation in Xiangjiang City with one million Hong Kong dollars, regardless of its potential influence or other factors.
Also, who said that free newspapers would definitely lose money?
In the future, when the internet industry first dominated the market, it was all free. Music, reading information, and other ways to make money.
Free was just a business model.
Once Jiang Fei occupied the newspaper market of Xiangjiang City through the free newspapers, the merchants would have to pay twice the price if they wanted to promote the newspapers.
Of course, if other newspaper companies didn't want to be eliminated, they would have to join this free feast.
At that time, it would depend on who had more money and who could afford it.
As for comparing money, it was currently the most important thing for Jiang Fei.
Other than tycoons like Li Jiacheng, Huo Yingdong, and Bao Yugang, Jiang Fei wasn't afraid of anyone else.
Therefore, Jiang Fei was confident in his proposal to turn New World Daily into a free newspaper.
The outside world did not think so.
Although the newspaper practitioners thought that the New World Daily was just trying to attract attention by sensationalizing.
However, this kind of ethos was resisted by many newspaper practitioners.
If the newspapers were all free, how would their value be reflected?
Unlike the newspaper industry, the people of Xiangjiang City were supportive.
A newspaper cost two to three Hong Kong dollars.
Most of them had a few newspapers, and they could earn two to three hundred Hong Kong dollars a month.
Now that there were people providing newspapers for free, even if they didn't read them, they could use them as toilet paper…
For a moment, the entire Xiangjiang City became boisterous because of New World Daily.
.......
The third day was the first day that New World Daily announced the release of the free newspaper.
Countless pairs of eyes were staring at New World Daily. He wanted to see if it was really free.
At six o'clock in the morning, a van was transported out of the New World News Headquarters and sent to bustling districts such as tuen mung, mong jiao, castles bay, central, and tsim sha tsui.
Some people who heard the news stood in front of the newsstand.
He looked at the bundles of newspapers placed at the free newsstand.
Someone immediately went forward." Boss, give me a copy of New World Daily."
"Immediately!"
The newsstand owner took out a copy of New World Daily and handed it to him.
"No charge?" the man asked.
The newsstand owner shook his head." This newspaper is free.”
This time, the surrounding crowd was shocked." Is New World Daily really free?”
"Come on!" the boss shouted. Everyone could get a copy of the newspaper for free.”
When some passersby heard that they could receive newspapers for free, they immediately gathered around.
"Boss, can I get any newspaper for free?”
"Boss, give me a copy of the newspaper.”
"I want a copy of the Star Island News."
"Everyone, as long as the New World Daily is free, the other newspapers need money.”
As soon as he said this, some people who didn't understand what was going on started to mumble and shout,"What's going on? Didn't you say that you'd get the newspaper for free? Why do you need money to report it?"
"Exactly!"
"Isn't this a lie!"
"What are you talking about? If you want to blame someone, blame them for wanting to make money. This New World Daily is still better.!”
"Yeah, free newspapers. I never thought about it before.”
"Looks like I can save two yuan a day on the newspaper fees in the future!”
Some content-oriented readers said disapprovingly,""The quality of the free newspapers is worrying. Most of them are groundless.”
"That's where you're wrong. Look at what's wrong with the content. Look at this current affairs commentary. It's analyzing that Pepsi Cola, Coca Cola, and the other two companies have sued Master Kong in the past two days. Look at the analysis…You can't ask others to set a price so high just because you set a price so high.”
"That's right, I think this person is right!! Master Kong was willing to sell it to the public at a low price. Moreover, Master Kong's products were quite cost-effective!! Foreign companies like Pepsi wanted to make money in Xiangjiang…Now, they even want to sue our local enterprises and say that they must support Master Kang no matter what.”
"I also support Master Kang! My children don't even drink Pepsi now."
“.......”
I have something to do at home today. Sorry!!
This book is provided by FunNovel Novel Book | Fan Fiction Novel [Beautiful Free Novel Book]