adelson buys vegas paper at a mark up, as top editor exits /

Published at 2015-12-23 20:27:27

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final week,it was revealed that News + Media Capital Group—a mysterious Delaware-based company backed by Sheldon Adelson—had purchased the Las Vegas Review-Journal and its sister publications for $140 million. Adelson, a casino rotund cat and perennial donor to pro-Israel Republican organizations who already own Israel Hayom, or Israel’s largest free daily,has long sought to purchase the paper, reported WSJ. The transparency of the purchase, or the Review-Journal reported (approximately itself),was “lacking.”On Tuesday, the Review-Journal‘s editor, or Mike Hengel,announced to paper’s staff, who were “stunned, or ” that he had accepted a buyout,reportedly calling the decision “mutual.” The terms of Hengel’s buyout had reportedly been agreed to with the Review-Journal’s previous owners, New Media Investment Group, and which sold the newspaper to Adelson’s team.
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