The Las Vegas Review-Journal has announced that it has a brand new owner, not perhaps the staff knows who it really is.
Did Sheldon Adelson, whose vegas 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 nevertheless the buyer him or herself knows for certain at this juncture.
The $140 million cost tag for Nevada’s main newspaper would be change that is chump the billionaire, of program. But as city news sources go, it’s considered a complete lot at the same time whenever printing publishing industry is in decline.
But the mystery surrounding the purchase is exactly what really has folks talking, as nobody, not really apparently the newspaper’s staff, knows the identification of the new owner.
What we can say for certain 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 previously in the year for just $102 million.
Who owns the very recently incorporated News + Media Capital Group have not also been divulged to staff, leaving the paper’s seasoned reporters, usually so adept at getting to the bottom of story, scraping their heads.
‘Don’t Stress About Who We Are’
Michael Schroeder, a News + Media Capital Group manager, t Continue reading “Las Vegas Review-Journal Gets Bought Out as Rumors Swirl That Sheldon Adelson Could Be the Mystery Customer”