Las Vegas Newspaper Sold For $140 Million To Mysterious Buyer

Las Vegas newspaper

The Las Vegas Review-Journal has been acquired for $140 million and nobody knows who purchased the publication.

CNN reporter Jon Ralston says the buyer is “refusing to reveal themselves” at this time. He sites “Reliable Sources” about the news.

Without a buyer coming forward some readers are likely to question if some type of conflict of interest might exist within the newspapers reporting.

Review-Journal reporter Sean Whaley tweeted on Saturday, “I am just going to say it. I am personally offended & embarrassed that whoever bought the RJ does not have the guts to say so.” He completed his tweet with the hashtag #WhatTheHell.

Another reporter, Eric Hartley, linked to a Huffington Post story about how the newspaper’s initial story about the sale was later edited to remove quotes about the strange arrangement.

“This is simply wrong,” Hartley tweeted. “As is the fact no one knows who owns Nevada’s largest newspaper.”

The newspaper was purchased by News + Media Capital Group LLC, a company that appears to have been setup for the sole purpose of purchasing the Vegas paper.

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Publisher Jason Taylor told employees “that News + Media has multiple owner/investors, that some are from Las Vegas, and that in face-to-face meetings he has been assured that the group will not meddle in the newspaper’s editorial content.”

Written by John Howard

John Howard

John Howard is the Business Editor at BusinessPundit.com. He is an avid watcher of markets, a wallflower of retail, and a fan of disruptive businesses that utilize technology and unique ideas to form brilliant new ways of doing business. He can be reached at Student Loan Ninja