Las Vegas Review-Journal Gets Bought Out as Rumors Swirl That Sheldon Adelson Could Be the Mystery Customer

Las Vegas Review-Journal Gets Bought Out as Rumors Swirl That Sheldon Adelson Could Be the Mystery Customer

The Las Vegas Review-Journal has announced that it has a fresh owner, not perhaps the staff knows who it is.

Did Sheldon Adelson, whose nevada casino the Venetian is readying for today’s final GOP debate, purchase the Las Vegas Review-Journal? The majority are saying ‘yes,’ but no one however the buyer him or herself knows for certain at this juncture.

The $140 million price tag for Nevada’s primary newspaper would be change that is chump the billionaire, of course. But as city news sources go, it’s considered a complete lot at the same time if the print publishing industry is in decline.

But the mystery surrounding the purchase is exactly what really has folks talking, as nobody, not really apparently the newspaper’s staff, knows the identification of the new owner.

That which we do know is this: final Thursday, a business called News + Media Capital Group paid means over market value to take control of the newspaper from its previous owner, New Media Investment Group, which had bought it earlier in the 12 months just for $102 million.

Who owns the extremely recently incorporated News + Media Capital Group hasn’t also been divulged to staff, leaving the paper’s seasoned reporters, usually so adept at dealing with the base of a whole story, scratching their heads.

‘Don’t Stress About Who We Are’

Michael Schroeder, a News + Media Capital Group manager, told staff Read more