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Vegas newspaper seller defends Adelson buy
The group joined media watchdogs, politicians and the paper’s staffers in demanding to know who the new boss was during the weeklong mystery.
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The timing of the deal and the purchase price led to much speculation and even a presidential candidate weighed in.
New Media Investment only controlled the Las Vegas Review-Journal for a short time before selling it off. The company in February agreed to pay $102.5 million for Stephens Media LLC, a chain of eight daily papers, including the Review- Journal, and dozens of weeklies.
The newspaper was sold last week to a group called News + Media Capital Group LLC for $140 million.
Newspaper officials have not identified the people behind the company.
The CEO and publisher of the Las Vegas Sun says he welcomes billionaire casino mogul Sheldon Adelson and his family to the journalism neighborhood after they confirmed their purchase of Nevada’s largest newspaper, the Las Vegas Review-Journal.
Scott Lucas of the Las Vegas Sun newspaper tweeted that the Review-Journal “reported this against the attempts of their own owners”.
Asked by CNNMoney at the Republican debates on Tuesday if he was in fact the owner, he said he had no “personal involvement” with the paper. Adelson is also the owner of the pro-Netanyahu Hebrew-language daily newspaper Israel Hayom, which is distributed widely for free in Israel.
Pergament has not responded to requests for comment. “The Review-Journal owners want to remain secret, a choice that is faithless to the public trust and the talented journalists that work every day to provide an accurate, impartial news report for the community they serve”.
In this March 31, 2006 file photo, Citlaly Sauno shuffles newspapers at the Las Vegas Review-Journal in Las Vegas.
He said Gatehouse didn’t disclose the buyer due to a confidentiality agreement and rejected the notion that the paper’s integrity had been challenged.
The Adelsons say they held back because they didn’t want an announcement to distract from Tuesday’s Republican presidential debate held at the Venetian, the casino-hotel on the Las Vegas Strip that is part of Adelson’s empire. “No one has gone through the lengths to keep secrets like this”, Seaman said.
And Matt Pearce of the Los Angeles Times said “kudos” to the staff for “refusing to just go along”.
The statement was printed in Thursday’s edition of the Review-Journal, alongside a thoroughly reported story that used anonymous sources to identify Adelson’s son-in-law Patrick Dumont as the broker of the deal.
Ron Reese, a spokesman for Las Vegas Sands Corp., said in an email Wednesday that he had no information on the matter and wouldn’t comment on reports of Adelson buying the paper. The paper’s conservative bent, they said, made it a logical purchase by a rich Vegas conservative. It declined to reveal the identity of the new buyer.
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Adelson, however, seemed to be enjoying the guessing game and still refused to come clean that he’s one of the new owners of the newspaper.