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

Mittwoch, Februar 26th, 2020

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

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 Las Vegas casino the Venetian is readying for today’s final GOP debate, buy the Las Vegas Review-Journal? Most are saying ‚yes,‘ but no one however the buyer him or herself knows without a doubt at this juncture.

The $140 million price tag for Nevada’s primary newspaper would be chump modification for the billionaire, of course. But as town news sources go, it’s considered a complete lot at the same time once the 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 brand new owner.

What we can say for certain is this: last Thursday, a business called Information + 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 extremely recently incorporated News + Media Capital Group has not even been divulged to staff, leaving the paper’s seasoned reporters, usually so adept at addressing the bottom of a whole story, scratching their heads.

‚Do Not Worry About Who We Are‘

Michael Schroeder, a News + Media Capital Group manager, (mehr …)