Sheldon Adelson oligarch

Sheldon Adelson Revealed as Mystery Buyer of the Las Vegas Review-Journal

by

Screen Shot 2015-12-16 at 3.11.52 PM

Just yesterday, we published a post titled, Largest Newspaper in Nevada Was Just Purchased Anonymously for $140 Million, which speculated that multi-billioniare, oligarch Sheldon Adelson was behind the purchase. We now have confirmation that it was indeed him.

From Fortune:

For nearly a week, the media and political worlds have been wondering who paid $140 million to purchase Nevada’s largest daily newspaper, The Las Vegas Review-Journal. The primary buyer had taken great pains to remain anonymous, but Fortune has learned from multiple sources familiar with the situation that it is Sheldon Adelson, chairman and CEO of casino operator Las Vegas Sands Corp.

Read more

Like this post?
Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G


Follow me on Twitter.

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

by

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.