The Las Vegas Review-Journal has announced that it has a brand new owner, however perhaps the staff knows who it is.
Did Sheldon Adelson, whose Las Vegas casino the Venetian is readying for tonight’s final GOP debate, buy the Las Vegas Review-Journal? Most are saying ‘yes,’ but no one nevertheless the buyer him or herself knows without a doubt at this juncture.
The $140 million cost tag for Nevada’s primary newspaper would be chump change for the billionaire, of program. But as city news sources go, it is considered a complete lot at a time when the print publishing industry is in decline.
But 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.
That which we do know is this: final Thursday, a company called Information + 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 12 months just for $102 million.
Who owns the extremely recently incorporated News + Media Capital Group has not also been divulged to staff, leaving the paper’s seasoned reporters, usually so adept at getting to the base of a whole story, scraping their minds.
‘Do Not Worry About Who We Are’
Michael Schroeder, a News + Media Capital Group manager, told [Read more…] about Las Vegas Review-Journal Gets Bought Out as Rumors Swirl That Sheldon Adelson May Be the Mystery Customer