26 Feb Las Vegas Review-Journal Gets Bought Out as Rumors Swirl That Sheldon Adelson Is the Mystery Customer
The Las Vegas Review-Journal has announced it is that it has a new owner, but not even the staff knows who.
Did Sheldon Adelson, whose vegas casino the Venetian is readying for tonight's final GOP debate, buy the Las Vegas Review-Journal? The majority are saying 'yes,' but no one nevertheless the buyer him or herself knows for certain at this juncture.
The $140 million price tag for Nevada's primary newspaper would be chump change for the billionaire, of course. But as town news sources go, it is considered lot at the same time once the printing publishing industry is in decline.
However the mystery surrounding the purchase is what really has folks talking, as nobody, not even evidently the newspaper's staff, knows the identification of the brand new owner.
What we do know for sure 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 12 months for just $102 million.
Who owns the extremely recently incorporated News + Media Capital Group hasn't even been divulged to staff, leaving the paper's seasoned reporters, usually so adept at dealing with the bottom of story, scraping their heads.
'Don't Stress About Who We Are'
Michael Schroeder, a News + Media Capital Group manager, told staff in a meeting on la