klasanov wrote:Just broke the 1b valuation mark, and acquired mutual group.
Am still a private company.
if i go public now, my market cap goes to around 2b, and I get around 400m cash.
400m cash money to invest in media or a bunch of new cities

Hell i could probably make the real estate sub go public first and then I go public and then have mad amounts of cash.
Probably going to wait a few more years before I turn this card, as I'm only 16 years in, and still need to be mayor in one more city.
Before updating to the latest buggy patch, I'll leave a detail report of pure real estate and media firm corporation for version 4.2.07 here.
At the end of 2013, the 23rd year of operation right before the 4th election, where all the mayors in the nation belong to my political party. All real estate has been privatized, and I owned all the original high rating media firms (generate about 2/3 of the current total media revenue in all cities). The total profit is over 750m, revenue close to 1 billion, and net worth over 7 billion. All the loan has been paid back with over 400m cash at hand, and throughout the game kept as a private corporation.

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The profit from all apartments in 7 cities is over 350m, all the commercials is over 200m. All my media firms generate around 200m profit. As described above, my media firms consist about 2/3 of the media market, thus in theory I can get about 300m profit if no other media firms exist. Thus I can estimate the total profit of real estate and media combined combined could reach 850m. But all the cities over 23 years have grown significantly, the total population is about 4.8 million now. So if I work backward and estimate the total real estate plus media profit at the beginning of the game with 3.5 million total population, the combined profit would be about 620m. I made a crude estimate at the beginning of the game, and find the profit from apartments in one city can reach about 40m a year, commercials half that at 20m, and media firms about 30m, so 7 cities in total would be about 630m, which is very close to the actual testing result.

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One thing I find interesting is that AI corporations start to build their own media firms like crazy after generating enough profit, and they only tend to build their media firms in cities when I already privatize all the original government media firms. It feels like AIs want to avoid using my media firms even though I set the CPM quite low with very good rating, and they just build their own poor rating media out of spite and get massive losses. But I guess it makes some sense in a way, since owning media firms meant in theory they can recover the advertising expenses. However the problem is the total advertisement budget with such a small total population and product demand in CES DLC doesn't cover the overhead of media firms if an AI just produce 3 to 4 products. Only those have products across multiple classes actually make their media firms profitable.
The balance sheet tells me, without cash my business assets would be about 6.85 billion Working backward, at the beginning of the game the combined real estate and media firms assets would worth about 5 billions. And even though I made over 8 billions earnings throughout the game, I also paid my person over 1 billion dividend (since I only use personal cash to fund political campaign, this way the profit margin of the corporation can stay high, and have higher credit limit for bank loans). At one point my total loan exceeded 1.5 billion, just for buying out all the medias in newly "acquired" city after elections.

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The income statement shows the overhead of real estate and media is really low compare to other industries, operating profit margin can reach about 80%, it's unrealistic. The salary of the media firms is neglectable as well. And even though I try not to interfere with other corporations in stock market, I still made some stock return due to I need to "transfer" some real estates under 2 AI corporations to fully privatize them, literally. Once I reach 75% of their stock shares, I sold all their stocks. Originally I thought I would make quite a loss for doing this, since I have to buy those stocks at premium price, however during selling those stocks, other AI corporations somehow came in and bought whatever I dumped to the public, and kept the selling price high. I guess it's a good thing I gave all AIs very high starting capital. And after all these years with inverse inflation, there are still hundreds of millions left for most of the AIs. None of them are facing bankrupt any time soon, since even the most poorly run AI corporation only lost about 58m a year, and haven't touched its loan credit.
Also once my corporation step into media businesses, the tax deduction no longer kept the same as total loan amount. I guess only real estate income wasn't included in tax calculation in version 4.2.07. And my corporation paid over 1.1 billion for loan interest alone throughout the game, but just paid a little over 40m profit tax in total. I guess national bank would thank me a lot more than local governments (even though I sort of run them both behind the scene anyway).

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My personal wealth reaches 8.18 billion, and finally enter the first page of top 100 billionaires at 29th position. Most of my wealth is in the form of my own corporation's stock, 800m in cash where almost all came from dividends, and throughout the game donates over 200m to my political party to run elections. The last city is the toughest, spend almost 100m in that election campaign, since it's one of the rare mayor who actually ran the city well and had a good rating over 75%. I had to send out 2 candidates with full campaign funds just to knock out his high support rating faster, if I didn't send out 2 candidates, I might not win the election, since in the last election at year 20, most AI persons are rich and corporations have enough profit, the original mayor's party actually have enough campaign funds to last the whole campaign. Once I squeezed the old mayor's support enough, I picked one of my candidates to focus on (political candidates right now are like clones, doesn't matter who I picked). In the end, after I won the election, I actually felt sorry for the old mayor and felt kinda dirty, like I bought my way into the mayor's office. That's capitalism for you. It's everywhere, even in politics.

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The Quality of Life in most of my cities is over 75%, only one city has a mere "65%" due to pollution. It's also the largest population city with over 728k citizens. I only later found out why there are so many factories in that city (71 out of total 178 factories), due to I forgot to rise the corporate tax rate back from 0 when I tried to solve unemployment problem before, and AI corporations flooded toward that city, and there's still job opening left.
All my civic facilities have at least 80 supply/demand index, and over 70% coverage for location convenience (mostly just sport facilities have lower coverage, since it's very difficult to put them in the right place in already developed cities. Other civic buildings have almost perfect coverage, which take me ages to relocate them due to most AI mayors are incompetent). And in order to balance city budget, I put all the facilities upgrade budget as low as possible (this also took me a long time to adjust, since every time I place a new facility of the same type, the upgrade budget resets itself). Over all, if you wish to privatize all money making real estate and media under your belt, you better adjust civic building budget carefully to prevent heavy losses (especially educations and hospitals)

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The total population of the nation is growing at a steady pace (once my party's mayors got elected, the initial downward trend quickly rise back up to growing). And I am proud that I can keep unemployment as low as 4.32% on average, while also has a healthy 2.90% GDP growth, and wage rate slowly climbs up to 42.29. One interesting observation though, the net import of my nation is over 430m, I assume because all the AI corporations do NOT produce raw materials themselves, but from seaports (there are just 2 mines in the whole nation, no oil well, no timber yard). And obviously it's good enough for AIs, although a lot of products' markets aren't fully saturated yet, some even left in blank for some reason. Like eggs, frozen pork (which should be very easy to produce), and eye shadow, leather belt, cereal bar, chewing gum, etc. A lot of the farming raw materials are seriously lacking, while others over supplied. I don't know why no AIs realise the lost opportunities here.

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As for AI corporations' performance, 19 out of the 40 have positive profit. Even those with losses aren't serious, with few hundred thousands to a couple millions, and some were simply caused by tech purchases. Only about 5 to 6 is really running in the red constantly, and due to their high starting capital, I think they can stay as zombies for another decade or so. Most products have competitions, quite a few are solely supported with seaport goods, only a handful have monopoly in production, and those AIs who have monopoly products also have higher profit in general. I doubt even if I choose to enter manufacturing game now, I won't be able to make much profit for such heavy competitions from 40 AIs, but probably would still outshine the AIs for a mile (like making about 100m profit for myself at least, instead of 10m or 20m for AI corporations).
I added the save file below, and if you wish to revert back to older version, I also added the old 4.2.07 patch in the attachments.