章節 194: Chapter 194: Hu Xian’s Plan to Build Xingdao News Agency?
Compared to Xia Yu, Hu Xian's vision was too limited, focused solely on the media industry and restricted to Southeast Asia and Hong Kong.
Xia Yu, however, had a far-reaching vision, encompassing the entire globe!
Although he was in Hong Kong, his sights were set on the world. Why would he concern himself with their Hong Kong peers?
Them? Xia Yu wasn't even thinking about them!
...
"However, the power of Jiuding News Agency is evident. On the very first day, it had a severe impact on *Sing Tao Daily*. Sales in Hong Kong and Macau alone dropped by nearly 5,000 copies, and in all of Southeast Asia, the drop was close to 10,000 copies! And this was just the first day!"
"With Jiuding News Agency in hand, the quality of *Fengyun Daily* is guaranteed to be high. It's easy to imagine that 500,000 copies in daily sales is just the beginning; sales will only rise in the future, potentially catching up with *Jiuding Daily*. That would make my situation even worse!"
"By then, I don't know how much *Sing Tao Daily*'s sales will plummet. I can't just sit back and wait; I have to find a solution!"
Hu Xian frowned, deep in thought, trying to find a way out of her current predicament.
"Without Jiuding News Agency's news, the quality will certainly lag behind *Fengyun Daily*'s. Unless... there's another news agency's news!"
"Got it, it seems there are news agencies in Europe and America. I should be able to use their news!"
Hu Xian's eyes lit up as she came up with an idea.
But upon further consideration, she felt something was off. Using news from European and American news agencies was essentially the same as using Jiuding News Agency's news, only lacking the added disadvantage.
"However... this isn't a long-term solution. It would create dependency, gradually losing independence, which is always problematic!"
"If it were just a few pieces of news, it wouldn't be a big deal, but in the current situation, resisting the influence of *Fengyun Daily* can't be solved with just a few pieces of news. The overall news quality needs to be improved, which would definitely lead to a loss of autonomy!"
Realizing the potential drawbacks, Hu Xian felt quite reluctant.
Although she was a woman, she possessed the ambitious spirit of a man. She was a typical career-oriented woman, which earned her the title of Queen of the News Industry.
Now, being asked to entrust the future of *Sing Tao Daily* to another news agency just to counter *Fengyun Daily* was something she absolutely could not accept!
But if she didn't do that, how else could she break the deadlock?
Hu Xian closed her eyes, lost in thought, when suddenly a spark of inspiration hit her, and her eyes brightened.
"Got it! Since Jiuding Newspaper Company was able to establish a news agency in such a short time, then I can do it too!"
"Other newspapers might not have the conditions, but my Star Island News Group has been entrenched in the Southeast Asian market for decades. We already have a foundation for creating a news agency. If we follow Jiuding News Agency's model and set up news collection departments worldwide, I can build one too!"
"I refuse to believe that other newspapers will depend on Jiuding Newspaper Company. As long as I establish a news agency, I believe many newspapers will switch to my side. Perhaps we can even create a competitive situation with Jiuding News Agency!"
"When that happens, with a news agency, my company's foundation will be more solid than now. Maybe, like Jiuding Newspaper Company, I could launch another newspaper. At that time..."
With this thought, Hu Xian felt the pressure in her heart lift, and the more she thought about it, the more feasible it seemed, with significant benefits for her.
As for whether she could successfully establish a news agency, that idea didn't even cross her mind.
In her view, if Jiuding Newspaper Company could succeed, how could she not?
Although Jiuding Newspaper Company was currently the industry leader, it was still a newcomer. Her Star Island News Group, on the other hand, had a 39-year history since 1939. The experience and foundation accumulated over the years were not to be underestimated!
She was confident she could build a news agency!
At worst, she could model it after Jiuding News Agency!
Jiuding Newspaper Company had used the model of *Sing Tao Daily* when expanding its channels in Southeast Asia, which she had noticed earlier but couldn't stop. That didn't mean she had forgotten it.
Now, using Jiuding News Agency's model to develop her own news agency was nothing to be embarrassed about!
She decided to build a news agency!
At this moment, she even thought of a name for it: Xingdao News Agency!
With this thought, Hu Xian clenched her fists tightly. She wanted to show Jiuding Newspaper Company and her peers that her title of 'Queen of the News Industry' was not just for show. She would not sit idly by!
Suddenly, she thought of a problem and frowned.
Building a news agency required a substantial amount of funds. To scale it to the size of Jiuding News Agency, with its 400 employees, the costs would be even higher.
Currently, her company couldn't afford such an expense. This year, due to the sudden rise of *Jiuding Daily* and the even more formidable *Economics* magazine, which had attracted major advertisers, many of *Sing Tao Daily*'s big sponsors had shifted their support to Jiuding Newspaper Company.
In the past few months, her company's advertising revenue had dropped by over 20% compared to the previous year, a significant loss!
Moreover, to cope with the pressure from *Jiuding Daily* and to improve *Sing Tao Daily*'s sales, she had invested heavily in reforms, raising article commissioning fees to enhance quality.
The largest expenditure was on recruiting staff and expanding distribution channels.
In the past few months, aside from the increasing operational costs, she had invested almost all of her profits. Now, the company couldn't spare any funds for building a news agency!
But she had made up her mind. Building a news agency was essential, and even without money, she would proceed! Otherwise, she would only wait for *Sing Tao Daily* to gradually decline.
Rather than being slowly boiled like a frog in warm water, it was better to take a gamble, especially since the chances of success seemed high!
"Then I'll get a loan. The Chen family from Thailand Pangu Bank has a good relationship with my family and has asked me several times if I needed a loan. I previously didn't need it, so I declined. Now, I can ask them. I'm sure they won't refuse!"
Having made up her mind, Hu Xian immediately took action. She had a fiery and decisive personality.
After finding the phone, she quickly dialed the number...
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