
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, nevada casino the Venetian is readying for today’s final GOP debate, buy the Las Las Vegas Review-Journal? Most are saying ‘yes,’ but no one but 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 course. But as town news sources go, it is considered lot at any given time whenever print publishing industry is in decline.
However the mystery surrounding the purchase is 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 for sure is this: last Thursday, a company called Information + Media Capital Group paid method over market value to take control of the newspaper from its previous owner, New Media Investment Group, which had bought it earlier in the 12 months just for $102 million.
Who owns the really recently incorporated News + Media Capital Group have not even been divulged to staff, leaving the paper’s seasoned reporters, usually so adept at addressing the base of a whole story, scratching their heads.
‘Do Not Stress About Who We Are’
Michael Schroeder, a News + Media Capital Group manager, told staff in a meet Continue reading →
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