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Las Vegas Review-Journal Staffers Want To Know Who Owns Their Newspaper
huffingtonpost.com NEW YORK -- Las Vegas Review-Journal staffers have a simple question for their new owner: Who are you? Several staffers at the Review-Journal, the largest media outlet in Nevada, have questioned their new owner's decision to remain secret, an unusual arrangement that's stunned not only the newsroom, but journalists nationwide. Sean Whaley, a capital bureau reporter based in Carson City, tweeted Saturday night that he was "offended & embarrassed" that the paper's new owner -- News + Media Capital Group LLC -- has not disclosed its financial backers sinceannouncing Thursday night that it had acquired the paper. In addition to the secret ownership arrangement, industry watchers have also been shocked by the sale price. News + Media Capital Group LLC paid $140 million for the Review-Journal and several smaller Nevada publications. That's $38 million more than the Review-Journal and a significantly larger media portfolio was sold for just nine months ago -- a peculiar development in a struggling industry.
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