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

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

The Las Vegas Review-Journal has announced that it has a brand new owner, 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? The majority are saying ‘yes,’ but no one but the buyer him or herself knows without a doubt at this juncture.

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

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

What we do know is this: final Thursday, a business called Information + Media Capital Group paid means over market value to manage the newspaper from its 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 hasn’t also been divulged to staff, leaving the paper’s seasoned reporters, usually so adept at getting to the base of a whole story, scratching their heads.

‘Don’t Stress About Who We Are’

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