Mystery Solved: Adelson Family Confirms They Bought The Las Vegas Review

A call to the newspaper's publisher, Jason Taylor-who apparently knows for certain who his new secret boss is-was not returned.

The seller, New Media Investment Group, paid $102 million for the R-J and several smaller papers purchased from Stephens Media in February only to flip it for a $39 million profit last week. Then I pressed for a yes or no answer about whether he is an investor in the paper.

Review-Journal columnist John L. Smith wrote in 2013 how Adelson sued him into bankruptcy "over a brief passage" in his book, Sharks in the Desert: The Founding Fathers and Current Kings of Las Vegas.

In this March 31, 2006 file photo, Citlaly Sauno shuffles newspapers at the Las Vegas Review-Journal in Las Vegas.

Ken Doctor, a media analyst, said the sale is troubling and unlike others with private owners.

LAS VEGAS (KSNV News3LV) -the mystery behind the new owner of Nevada's largest newspaper is possibly solved.

Las Vegas Sands owner Sheldon Adelson has been reported to be the owner of the Las Vegas Review-Journal. "Journalism is all about transparency, one of the pillars of trust between a community and its news organization", the organization said in a statement. It declined to reveal the identity of the new buyer.

Adelson's litigious history with the press also has been a cause for concern. The paper is now the largest-circulation newspaper in Israel.

Outlets such as The Los Angeles Times suggested earlier this week that Adelson may have been behind the purchase, given his wealth and local ties. Adelson is richer than Donald Trump, who has a reported net worth of $4.5 billion, according to Forbes.

During the 2012 election cycle, he spent more than $10 million to fund a super Pac supporting his longtime friend and ally Newt Gingrich, the former speaker of the House; this time around, Adelson is said to be leaning toward hawkish Sen. I thought his bodyguard might shoo me away. "There is a lot of opportunity here". CT newspaper publisher Michael Schroeder was the only name listed on regulatory filings. He was a news editor and manager of editorial technology at Newsday, a daily paper on Long Island, N.Y., from 1983 to 1992. It involves its leading newspaper. "Details of the deal, including the sale price, were not disclosed". He also owns the Venetian Resort and Casino where Tuesday's Republican presidential debate was staged.

As various wealthy billionaires denied having purchased the paper in recent days, suspicion began to settle on Adelson, the billionaire casino magnate, political donor, and owner of Israel Hayom, a hawkish free Israeli daily.

An Adelson spokesman did not respond to a request for further comment on Wednesday afternoon.

GateHouse CEO Kirk Davis said no changes are planned in the current operations of the newspaper.

He said the public company had no intention to resell the paper, but it did so out of fiduciary duty in the interest of its shareholders when it was made an offer of $140 million.

"This is a dynamic period in the newspaper industry and our company has been very aggressive toward acquisitions", Davis said. "That's the way the Review-Journal is. We're about to tell you".

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