The Las Vegas Review-Journal has announced it is that it has a new owner, but not even the staff knows who.
Did Sheldon Adelson, whose vegas casino the Venetian is readying for tonight’s final GOP debate, buy the Las Las Vegas Review-Journal? Most are saying ‘yes,’ but no one however the buyer him or herself knows for sure at this juncture.
The $140 million price tag for Nevada’s primary newspaper would be chump change for the billionaire, of program. But as town news sources go, it’s considered lot at the same time if the printing publishing industry is in decline.
However the mystery surrounding the purchase is what really has folks talking, as nobody, not really apparently the newspaper’s staff, knows the identity of the new owner.
That which we can say for certain is this: last Thursday, a company called News + Media Capital Group paid way 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 hasn’t also been divulged to staff, leaving the paper’s seasoned reporters, usually so adept at dealing with the base of a whole story, scraping their minds.
‘Don’t Stress About Who We Are’
Michael Schroeder, a News + Media Capital Group manager, told staff in a meeting on final not to worry about the i Continue reading “Las Vegas Review-Journal Gets Bought Out as Rumors Swirl That Sheldon Adelson Is the Mystery Buyer”