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

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

The Las Vegas Review-Journal has announced that it has a new owner, yet 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 but the buyer him or herself knows for certain at this juncture.

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

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

That which we can say for certain is this: last Thursday, a company called News + Media Capital Group paid way over market value to take control of the newspaper from its previous owner, New Media Investment Group, which had bought it previously in the 12 months just for $102 million.

Who owns the extremely recently incorporated News + Media Capital Group have not even been divulged to staff, leaving the paper’s seasoned reporters, usually so adept at getting to the base of a whole story, scraping their heads.

‘Don’t Stress About Who We Are’

Michael Schroeder, a News + Media Capital Group manager, told s Continue reading “Las Vegas Review-Journal Gets Bought Out as Rumors Swirl That Sheldon Adelson May Be the Mystery Buyer”