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

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

The Las Vegas Review-Journal has announced that it has a brand new owner, but not perhaps the staff knows who it’s.

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

The $140 million cost tag for Nevada’s primary newspaper would be chump change for the billionaire, of program. But as town news sources go, it is considered lot at any given time as soon as the printing publishing industry is in decline.

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

What we can say for certain is this: final Thursday, a business called News + Media Capital Group paid method 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 for just $102 million.

Who owns the very recently incorporated News + Media Capital Group has not even been divulged to staff, leaving the paper’s seasoned reporters, usually so adept at getting to the bottom of story, scratching their minds.

‘Don’t Worry About Who We Are’

Michael Schroeder, a News + Media Capital Group manager, told staff in a meeti Continue reading Las Vegas Review-Journal Gets Bought Out as Rumors Swirl That Sheldon Adelson Could Be the Mystery Buyer