America: My Time

Chapter 432 United Press International

Chapter 432 United States International
"John, after this financial upheaval, do you have any other plans? If there are any new acquisitions, don't forget about Morgan!" After Old Bush and his group left, the Morgan tycoon couldn't help but speak up. He was also eyeing the funds in John's hands, after all, John had made amazing profits from the depreciation of the dollar!

When Morgan Stanley echoed his sentiments, John sighed, shook his head, and said, "I've already told Jimmy that we don't have such plans for the time being. Quantum Mining and Western Energy both require significant funding, not to mention media. After the satellite communications network is completed, I need to invest in more development, which also requires capital. All of this forces me to abandon the acquisition. You know my current debt is too high; I need to be cautious. With the dollar depreciating, it's hard to say what the situation is like in Japan. I need to be careful to deal with potential crises!"

Was John wrong in what he said? No, at least not on the surface. Having received a huge loan from Japan, and with the dollar depreciating, no one knows what those Japanese banks are thinking. It's understandable that John needs to be careful. Under these circumstances, it's always good to be prepared, especially since things aren't peaceful in the US either.

"John, speaking of media, since you acquired United Press International, you've been reorganizing and changing things, seemingly ready to completely abandon the original business. This has left many people puzzled. Although you haven't paid a huge price, is such a change meaningful? Nobody sees any possibility of making a profit. What are you thinking?"

"It's very simple. I am indeed going to abandon the business of United Press International and make new changes. I intend to transform it into an economic information news agency, and connect it with Wall Street to provide the fastest information services for Wall Street and even global finance. Now all of this is almost completed, and it will be available to everyone before the end of the year." At this time, John did not keep it a secret from Morgan, because rumors of such a long period of restructuring and changes had already spread. However, many people did not know how John would provide the most up-to-date information services for global finance.

“John, as far as I know, United Press International is in a bad situation right now. Some people have been opposing it. If those editors continue to stir up trouble, can United Press International still complete the changes according to your plan?”

"No problem, let them make a fuss. United International is just shifting towards economic information, and it's just a different focus. What those guys think is their own business. I've given them the opportunity. If they don't want to accept it, they can leave. United International will be better off without them. I'm not laying off anyone, just making changes. They don't even have a reason to strike. And even if they strike, I can transfer people from Legend Entertainment Group to fill in."

"John, if UPI is going to charge information fees for global finance, how do you plan to do it, and how will you guarantee that we financial professionals can get first-hand information?" At this point, Morgan expressed his concerns. Time is very important, especially for financial professionals like them.

"You can rest assured that all financial professionals who use our services will receive first-hand information as soon as possible. Have you forgotten our global network that spans the entire United States? This is our preparation. We will launch a professional workstation best suited for financial professionals, allowing you to access global information immediately."

"Hiss!" Upon hearing these words, Morgan Stanley gasped. This guy was really something, launching another new workstation. Was Dream World really that powerful? Did this mean that Dream World's shares would appreciate in value again?
"John, Dreamworld has developed a new workstation? Why haven't we heard a thing about it?"

John shook his head and said, "No, it's not that Dreamworld developed a new workstation, but rather that we developed a new workstation together with United Press International. The patent doesn't belong to Dreamworld, but to United Press International. We don't sell these professional workstations, we only rent them out. The annual rental fee is $20,000 per workstation!"

“John, isn’t this the service that Bloomberg is promoting?” Jimmy asked doubtfully at this moment. He knew that Bloomberg was already ahead of the curve, so could United Press International’s changes compare?

"That's right, we're not far behind Bloomberg, but our service and quality are far superior. We're a step further. We have our own professionals, our own analysis, faster speed, and a global network of journalists—something Bloomberg can't match. Professional tasks should be handled by professionals. It's impossible for Bloomberg to compare itself to Dreamworld or Bell Labs in the field of communications. And in terms of information, it's even more impossible. The United States Press is the second-largest news agency in the US; what do they have to offer? Most importantly, our workstations can be perfectly integrated into your work. Can they do that?"

“That’s true. Bloomberg can’t compare to United Press International. You have professional staff and stronger communication capabilities. I believe the successful satellite network deployment made it easier for you to transmit information.” “Exactly. We have more convenient information transmission, which Bloomberg can’t do. Moreover, our communications are more secure, much more secure than theirs. Our services are more secure; at least they won’t allow malicious individuals to obtain user information through the internet. Our services can solve all your problems, which Bloomberg can’t do. Furthermore, we partner with Global Online to provide information services on mobile phones, alerting global financial professionals so you can stay informed about global events at any time.”

Money—this isn't just information services, it's comprehensive information services, with a continuous flow of money behind it. What investment company could resist such temptation? Mobile phone communication services, professional workstations, fast communication networks, and even professional analysts—all of this is incredibly enticing.

In this professional field, Morgan Stanley has no doubt about John. The transformation of United Press International, the collaboration with Dreamworld to develop new workstations, and the partnership with Global Online to provide information services for financial professionals are all things that their company cannot do, at least not Bloomberg.

John has put a tremendous amount of effort into transforming United Press International (UPI), giving it the ability to truly grasp and transmit real-time global information—something Bloomberg cannot do. As for the specialized workstations, that's even more impressive; the dream is to have professionals worldwide handling this, perfectly leveraging the advantages of global online services. It's easy to imagine that when UPI's services launch, the world will be shaken, and it will undoubtedly soar to new heights.

"John, you're going against Bloomberg, stealing their market share. They'll hate you!"

John sneered, "So what? I can't just give up my own development for them, and they don't have the right to do so. If they're so capable, they should do it too, even if they don't have the ability!"

United Press International is backed by Dreamworld, Nvidia, Bell Labs, and Global Online. Moreover, they already have partnerships with the global financial sector, so taking it a step further is not difficult. Most importantly, John is right. United Press International's capabilities give them peace of mind and satisfy them. Time is money, and being the first to know the latest global information will bring them more benefits.

Such a business will initially drive the rapid development of this industry chain. Dream World can make a fortune, as can Nvidia, and needless to say, Global Online. There will also be a surge in sales in mobile phones!
In developing and transforming United Press International, John directly shifted it to the internet age, along with developments in economic newspapers and television. All of this further expanded United Press International's influence and increased its profits. If it weren't for these strategic moves, United Press International would have already completed its transformation and entered a new era.

One move can affect the whole situation. If you're going to do something, do it the best you can. Don't give the enemy any chance to retaliate. Strike them down so hard that they have no room to fight back. If you can wipe out Bloomberg in one fell swoop, John will naturally be very happy. However, this is not an easy task.

"John, you must have invested a considerable amount of money in this area. Just from your brief description, we can tell that it requires a huge sum of money?" Morgan quickly grasped the key point: investment. Such expansion requires an astonishing amount of capital, but no one had noticed United Press International's investment in this area.

"It does require a huge investment, but this is all in cooperation with other companies, so the pressure on United International is not great. All they need to do is collect information, and other things will naturally be handled by Dream World, Nvidia, Bell Labs and Global Online. Once United International's business starts, they will all take a share."

"I understand now," Morgan Stanley said, and even Jimmy understood. This was the rational use of resources, maximizing everyone's interests. Bloomberg couldn't compare to it at all. Since each company held shares in UPI, they would naturally provide strong support, which ensured the smooth transformation of UPI and made it even harder for competitors to surpass them, unless they also had such a strong backing!

(End of this chapter)