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

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 fresh owner, although not even the staff knows who it’s.

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

The $140 million price tag for Nevada’s primary newspaper would be chump modification for the billionaire, of program. But as city news sources go, it’s considered a complete lot at the same time as soon as the print publishing industry is in decline.

However the mystery surrounding the purchase is exactly what really has folks talking, as nobody, not even apparently the newspaper’s staff, knows the identification of the owner that is new.

That which we do know for sure is this: final Thursday, a company called Information + 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 really 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 a whole story, scraping their minds.

‘Do Not Stress About Who We Are’

Michael Schroeder, a News + Media Ca Continue reading “Las Vegas Review-Journal Gets Bought Out as Rumors Swirl That Sheldon Adelson Could Be the Mystery Customer”