Las Vegas Review-Journal Gets Bought Out as Rumors Swirl That Sheldon Adelson Could Be the Mystery Buyer

The Las Vegas Review-Journal has announced that it has a brand new owner, although not even the staff knows who it really is.
Did Sheldon Adelson, whose Las Vegas casino the Venetian is readying for today’s final GOP debate, buy the Las Vegas Review-Journal? Most are saying ‘yes,’ but no one nevertheless the buyer him or herself knows for sure at this juncture.
The $140 million price tag for Nevada’s primary newspaper would be chump change for the billionaire, of course. But as town news sources go, it’s considered lot at the same time if the print publishing industry is in decline.
But the mystery surrounding the purchase is exactly what really has folks talking, as nobody, not evidently the newspaper’s staff, knows the identification of the owner that is new.
That which we do know for sure is this: last Thursday, a company called News + Media Capital Group paid means over market value to take control of the newspaper from its previous owner, New Media Investment Group, which had bought it earlier in the year just for $102 million.
Who owns the really recently incorporated News + Media Capital Group has not also been divulged to staff, leaving the paper’s seasoned reporters, usually so adept at dealing with the base of a whole story, scratching their minds.
‘Don’t Stress About Who We Are’
Michael Schroeder, a News + Media Capital Group manager, told staff in a meeting on final week not to concern yourself with the identity of their new owner.
‘you are wanted by them to focus on your jobs … don’t worry about who they are,’ Schroeder reportedly said.
He also assured them that the owners that are new not interfere with the paper’s editorial control, although an article posted on the RJ website that evening was reedited to eliminate references towards the reality that the new owners were unknown, at the demand of Schroeder.
The timing of the purchase associated with the many dominant news outlet in Nevada, an early-voting swing state, along with the high price paid, is fueling speculation that the mystery customer could be a conservative that is wealthy.
On a visit to the Review Journal‘s head workplace this week, GOP not-so-frontrunner Jeb Bush mused that possibly it was Donald Trump, he was joking although we think. Ultimately, though, the candidate that is presidential since baffled as ordinary people.
‘Just finished hour+ @reviewjournal ed board. Only q left unanswered who owns the newspaper?’ tweeted Bush.
Adelson Conjecture
A name that has cropped up in lots of speculative media reports is, inevitably, Sheldon Adelson, and definitely the Republican mega-donor would appear to match the profile. He owns magazines in Israel, where his day-to-day free paper, Israel Hayom (Israel Today), is indeed pro-Netanhayu it has been accused of compromising the foundations of Israeli democracy.
Furthermore, Adelson has a huge stake in the affairs of Las Vegas and Nevada (the first United States state to legalize and regulate online video gaming), and it has vowed which he will spend ‘whatever is necessary’ in their crusade to banish controlled on the web gambling from America.
And meanwhile, Adelson’s people are refusing to answer needs for comments from the various media sources that have contacted them on the matter this week.
But perhaps not everybody is convinced that Adelson is behind all this. University of Nevada, Las Vegas history that is associate Michael Green told the Los Angeles Times that while Adelson ended up being 1st name that came to mind, something does not quite ring true.
‘My immediate thought was, if [Adelson] bought it, he’d have told us already, simply by dint of the fact that he’s been mainly an open book,’ Green said.
GOP Debate at Sheldon Adelson’s Venetian in Las Vegas Tough on National Security as Candidates Flaunt Defense Credentials
The fifth and last GOP debate of 2015 honed in on problems of nationwide protection following terrorism attacks in both Paris and San Bernardino, California. All nine main stage candidates, starring Donald Trump front and center, positioned for exposure to exhibit their defense expertise.
GOP debate in Las Vegas: Donald Trump was yet again the kingpin at the year’s final Republican debate, held at fellow billionaire Sheldon Adelson’s Venetian casino. (Image: John Locher/AP)
Donald Trump reigned supreme yet again, at stature-wise that is least, since the property mogul continues his dominating popularity in the polls. But itwas the senators from Florida and Texas who seemed the most confrontational during the three-hour spectacle, as Senators Marco Rubio and Ted Cruz repeatedly sparred over their Congressional documents.
While there was no clear winner, host community CNN declared that Rubio and Cruz both fared well, as did Trump, nj-new jersey Governor Chris Christie, and former Florida Governor Jeb Bush, the latter two scoring a much-needed victory.
The debate ended up being largely fair and balanced, based on the prospects.
The two notable exceptions were Trump attacking the moderators for regularly posing questions against him, and Salem Radio Network talk show host Hugh Hewitt winning the prize for most strange debate concern while asking former pediatric neurosurgeon Ben Carson if he’d be confident with the ‘death of thousands of innocent children’ in bombing ISIS.
Carson’s response was similarly strange, mentioning children whose heads he had exposed for brain surgery later being grateful he had done so. Just What?
Sheldon within the Wings
The conversation focused on maintaining America safe, which was noted because the true number one duty associated with the president per repetitive declarations by the candidates. No gambling or fantasy that is daily talk was mentioned, even though the debate was taking place in Las vegas, nevada, the gaming mecca associated with the United States.
Several celebrities had been in attendance, including Mr. Las Vegas himself Wayne Newton, but the elephant not shown in the room was billionaire Las Vegas Sands owner Sheldon Adelson.
Held within the swing state of Nevada at Adelson’s Venetian resort, governmental insiders believe Rubio is the candidate that is preferred the eyes for the gambling tycoon. Adelson gave nearly $100 million in donations to super action that is political (PAC) through the 2012 presidential election, and he’s significantly more than prone to do similar in 2016.
Rumors are also bandied this week that Adelson could be the buyer that is mysterious of City’s primary news source, the Las vegas, nevada Review-Journal. Many believe the paper, bought for many millions a lot more than its reported value, could be one tool Adelson hopes to sway the important Nevada vote in his desired direction, although the customer remains shrouded in darkness.
Cruz vs. Rubio
Yesterday evening Rubio and Cruz both made their cases to persuade voters to their part as being a legitimate conservative substitute for the outspoken Trump. Adelson is a vital award to a successful Republican campaign, assuming one isn’t worth $10 billion on one’s very own, as is the frontrunner the Donald.
Rubio, whom’s allegedly met with Adelson independently on several occasions, is reportedly the lead candidate to receive his financial backing. However, there are additionally reports that Adelson’s wife Miriam prefers Cruz, and it’s rumored to have led to an argument that is internal the few.
Cruz spoke at the Republican Jewish Coalition’s Spring Leadership Meeting in April at the Venetian, with both Sheldon and Miriam in attendance.
Conjecture has also surfaced that Adelson is not in favor of Trump being the nominee that is republican go up up against the most likely Democrat choose Hillary Clinton. Trump tweeted in October that Adelson preferred Rubio because ‘he can mold him into his perfect little puppet.’
Having said that, Trump and Adelson did fulfill before last night of debate. ‘He’s been a pal of mine for a time that is long’ Trump told the Washington Post. ‘He called to see whether or not we could fulfill, and we have been going to generally meet.’
GVC Chief Kenny Alexander Denies Wrongdoing Over 37Entertainment Claims
GVC Holdings CEO Kenny Alexander denied claims from the Canadian advertising company that his company had reneged for a deal. (Image: Tom Stockhill/ thesundaytimes.co.uk)
GVC Holding’s acquisition of bwin.party was unanimously approved by shareholders today, also as GVC boss Kenny Alexander has been forced to reject claims that his company double-crossed A canadian marketing company during its negotiations with bwin.
37Entertainment (37E) is thought to own filed an arbitration claim with all the International Chamber of Commerce against GVC for misrepresentation of business through the reneging of services on a partnership deal.
37E’s claim states that GVC failed to deliver promised solutions for the launch of two white-label gambling that is online, which were to be operated jointly by the two companies.
The firm claims that GVC constantly delayed the signing of a contract to be able to pursue its takeover of bwin.party, before pulling from the deal completely despite 37E having currently begun operations.
‘Without Substance’
Speaking to Review that is eGaming called the claims ‘spurious’ and ‘without substance,’ adding that the company would ‘robustly protect’ it self.
GVC had previously stated that the claims were without merit, as ‘no formal contract had been reached’ between the two businesses.
‘GVC is constantly checking out relationships that are new new geographies and not all possibilities reach readiness,’ said a GVC representative last August.
In September, GVC trumped 888 Holdings for the proper to get bwin.party for $1.6 billion in cash and stocks. The battle for bwin was an affair that is lengthy due to the fact two online video gaming leaders attempted to outmuscle one another with bid and counterbid.
Bwin Shareholders Approve Deal
At one point, negotiations seemed to be determined in support of 888, but GVC’s decision to ditch its initial economic backer, Amaya Inc., and make an alternative solo bid eventually convinced the bwin investors to come on board. Or half of them, at least.
In the week prior to the acceptance of the GVC offer, the bwin board polled its shareholders and found that they were split 50/50 involving the offers. The board ended up being then in a position to convince a group of majority shareholders to switch sides and choose its preferred option, GVC.
On Tuesday, nevertheless, bwin announced that 99.99 per cent of its shareholders voted and only the proposal. Bwin stated in a statement that the offer still remains susceptible to the satisfaction conditions lay out into the scheme document, such as official sanctioning by the court.
