26 Feb 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 brand new owner, although not perhaps the staff knows who it is.
Did Sheldon Adelson, whose Las vegas, 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 town news sources go, it's considered a complete lot at a time if the print publishing industry is in decline.
However the mystery surrounding the purchase is what really has folks talking, as nobody, not really evidently the newspaper's staff, knows the identification of the owner that is new.
That which we do know is this: last Thursday, a business called News + Media Capital Group paid way over market value to manage the newspaper from its previous owner, New Media Investment Group, which had bought it previously in the year just for $102 million.
Who owns the extremely recently incorporated News + Media Capital Group has not even been divulged to staff, leaving the paper's seasoned reporters, usually so adept at addressing the base of a whole story, scratching their heads.
'Do Not Worry About Who We Are'
Michael Schroeder, a News + Media Capital Group manager, told