The Las Vegas Review-Journal has announced that it has a new owner, not even 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? Most 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 primary newspaper would be chump modification for the billionaire, of course. But as city news sources go, it is considered lot at a 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 even apparently the newspaper’s staff, knows the identification of the owner that is new.
What we can say for certain is this: last Thursday, a company called News + Media Capital Group paid method over market value to manage 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 very 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 base of a whole story, scraping their minds.
‘Don’t Worry About Who We Are’
Michael Schroeder, a News + Media Capital Group manager, told staff in a meeting on final Continue reading “Las Vegas Review-Journal Gets Bought Out as Rumors Swirl That Sheldon Adelson May Be the Mystery Customer”