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cover of episode He Bought a Local Newspaper… Now He Makes $600K/YR

He Bought a Local Newspaper… Now He Makes $600K/YR

2025/6/27
logo of podcast My First Million

My First Million

AI Deep Dive AI Chapters Transcript
People
A
Ankur
B
Barack Obama
B
Billionaire friend
G
Gary Vee
L
Lulu
M
Matthew Prince
S
Sam Parr
以《My First Million》播客主持人和企业家身份而闻名,专注于发现和分享高利润商业模式。
S
Shaan Puri
成功主持《My First Million》播客,分享创业策略和资源。
S
Steve Ballmer
Topics
Sam Parr: 我认为地方报纸虽然利润不高,但经营良好,只是后继无人,面临倒闭。美国许多州的出版业正面临后继无人的问题,许多盈利的小型出版物因找不到接班人而倒闭。收购地方报纸存在巨大机会,并且地方报纸拥有稳定的订阅用户群。医院和其他当地企业非常希望在地方报纸上做广告,这项业务虽然规模小,但经营得很好,而且是垄断的。 Matthew Prince: 我认为收购并用心经营小镇报纸能带来有意义的生活,虽然不会大富大贵,但能成为社区英雄,并获得影响力。比起财富,人生的意义更为重要。追求有意义的事业即使不能带来巨额财富,也是一条值得考虑的道路,例如加入和平队,或者从收购地方报纸开始。参与和平队可以让你过上不错的生活,并在社区内拥有巨大的影响力和意义。即使之后你决定追求巨大的财富,也要记住鲁珀特·默多克的帝国是从他21岁时购买的阿德莱德广告商报开始的。我们收购的当地报纸在收购时现金流约为 60 万美元。我们想把它作为一家非营利组织来运营。因此,我们把它全部投入到扩大报道范围上。但事实并非如此,这些都是糟糕的企业。它们只是不是大型企业。

Deep Dive

Chapters
The discussion starts with the surprising profitability of local newspapers, even as many are shutting down due to a lack of successors. A billionaire's perspective highlights the potential for a rewarding life through community impact rather than solely financial gain, sparking a debate about the value of meaning vs. wealth in career choices. The conversation delves into the financial viability of local newspapers and their unique position in the market.
  • Local newspapers, even in small towns, can generate six-figure profits.
  • A billionaire CEO advocates for buying and running a local newspaper as a path to a fulfilling life.
  • Local newspapers have a stable subscriber base and are often monopolies in their local markets.

Shownotes Transcript

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Episode 721: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about a billionaire’s recipe for happiness, Shaan’s stock picks, plus the new mayor of NY.

Show Notes:

(0:00) Billionaire recipe for happiness

(5:12) Shaan gives a talk at Berkeley

(12:01) Steve Ballmer on Acquired

(17:02) Gary V is bullish on everything

(26:28) The new mayor of NY

(35:45) Multilingual politicians

(38:43) Vibe voting

(41:20) Idea: "The President"

(45:58) Businesses w/ 50X potential

(49:07) Shaan's first 6 stocks

Check Out Shaan's Stuff:

• Shaan's weekly email - https://www.shaanpuri.com

• Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.

• Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies!

Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC

Check Out Sam's Stuff:

• Hampton - https://www.joinhampton.com/

• Ideation Bootcamp - https://www.ideationbootcamp.co/

• Copy That - https://copythat.com

• Hampton Wealth Survey - https://joinhampton.com/wealth

• Sam’s List - http://samslist.co/

My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano