Article

2015-12-18 Economy

Sheldon Adelson Bought The Las Vegas Review-Journal

[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.

Adelson, a major Republican Party donor who hosted Tuesday night’s debate at his Venetian property, had been widely rumored to be the buyer—including by employees at the Review-Journal itself, which this morning ran a front-page story that detailed Adelson’s ties to Michael Schroeder, a regional Connecticut newspaper publisher who was the only person listed on regulatory filings related to the sale.
LVRJ, if you remember, was the home of Righthaven, which screwed the 'Burg and something like 90 other websites with the threat of copyright lawsuits. I hope its new owner vetoes any future brilliant ideas coming out of it.

Posted by Fred 2015-12-18 00:00|| || Front Page|| [11141 views ] Top

#1 A fitting end to a nasty interlude. May it prove profitable for him.

Posted by trailing wife 2015-12-18 21:45|| 2015-12-18 21:45|| Front Page Top

#2 Instapundit has been urging conservative millionaires to invest in media for some time now.

Posted by Rambler in Virginia 2015-12-18 21:46|| 2015-12-18 21:46|| Front Page Top

#3 profitable? Maybe. Taking a Democrat/SEIU Union megaphone out? Priceless

Posted by Frank G 2015-12-18 22:33|| 2015-12-18 22:33|| Front Page Top

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