Largest Newspaper in Nevada Was Just Purchased Anonymously for $140 Million

Screen Shot 2015-12-14 at 12.11.52 PM

This is a story that demands much closer attention.

The Huffington Post reports:

NEW YORK — Las Vegas Review-Journal staffers have a simple question for their new owner: Who are you?

Several staffers at the Review-Journal, the largest media outlet in Nevada, have questioned their new owner’s decision to remain secret, an unusual arrangement that’s stunned not only the newsroom, but journalists nationwide. 

Sean Whaley, a capital bureau reporter based in Carson City, tweeted Saturday night that he was “offended & embarrassed” that the paper’s new owner — News + Media Capital Group LLC — has not disclosed its financial backers since announcing Thursday night that it had acquired the paper. 

In addition to the secret ownership arrangement, industry watchers have also been shocked by the sale price.

Read more

Like this post?
Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G


Follow me on Twitter.