
The Las Vegas Review-Journal has announced that it has a brand new owner, although not perhaps the staff knows who it is.
Did Sheldon Adelson, whose vegas casino the Venetian is readying for tonight’s final GOP debate, purchase the Las Las Vegas Review-Journal? Many are saying ‘yes,’ but no one but the buyer him or herself knows without a doubt at this juncture.
The $140 million cost tag for Nevada’s main newspaper would be change that is chump the billionaire, of course. But as town news sources go, it is considered a complete lot at any given time once the printing publishing industry is in decline.
But the mystery surrounding the purchase is what really has folks talking, as nobody, not apparently the newspaper’s staff, knows the identity of the new owner.
What we do know is this: final Thursday, a company called News + Media Capital Group paid method over market value to take control of the newspaper from the previous owner, New Media Investment Group, which had bought it earlier in the year just for $102 million.
Who owns the really recently incorporated News + Media Capital Group have not even been divulged to staff, leaving the paper’s seasoned reporters, usually so adept at dealing with the bottom of story, scraping their minds.
‘Don’t Worry About Who We Are’
Michael Schroeder, a News + Media Capital Group manager, told staff in a meeting on last week not to Continue reading “Las Vegas Review-Journal Gets Bought Out as Rumors Swirl That Sheldon Adelson May Be the Mystery Buyer”