Casino Room Casino

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

Posted by on Feb 26, 2020 in Casino Room Casino | Comments Off



The Las Vegas Review-Journal has announced that it has a brand new owner, yet not perhaps the staff knows who it’s.

Did Sheldon Adelson, whose Las Vegas casino the Venetian is readying for tonight’s final GOP debate, purchase the Las Vegas Review-Journal? Most are saying ‘yes,’ but no one but the buyer him or herself knows for certain at this juncture.

The $140 million price tag for Nevada’s main newspaper would be change that is chump the billionaire, of course. But as city news sources go, it is considered a complete lot at any given 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 identification of the new owner.

That which we do know is this: final Thursday, a company called News + Media Capital Group paid means over market value to manage the newspaper from the previous owner, New Media Investment Group, which had bought it earlier in the year for just $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 bottom 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 week

Read More