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 fresh owner, but not perhaps the staff knows who it is.
Did Sheldon Adelson, whose Las Vegas casino the Venetian is readying for tonight’s final GOP debate, buy the Las Vegas Review-Journal? Most are saying ‘yes,’ but no one however the buyer him or herself knows for sure at this juncture.
The $140 million cost tag for Nevada’s primary newspaper would be change that is chump the billionaire, of program. But as town news sources go, it is considered lot at a time whenever printing publishing industry is in decline.
But the mystery surrounding the purchase is exactly what really has folks talking, as nobody, not really evidently the newspaper’s staff, knows the identity of the new owner.
That which we do know is this: final Thursday, a company called News + Media Capital Group paid way over market value to take control of the newspaper from the previous owner, New Media Investment Group, which had bought it previously in the 12 months for just $102 million.
Who owns the very recently incorporated News + Media Capital Group hasn’t even been divulged to staff, leaving the paper’s seasoned reporters, usually so adept at getting to the base of a whole story, scratching their heads.
‘Do Not Worry About Who We Are’
Michael Schroeder, a News + Media Capital Group manager, told staff in a meeting on last week not to be worried about the identity of their new owner.
‘you are wanted by them to focus in your jobs … don’t worry about who they really are,’ Schroeder reportedly said.
He also assured them that the owners that are new not interfere with the magazine’s editorial control, although an article posted on the RJ website that evening was reedited to get rid of references to the fact that the new owners were unknown, at the request of Schroeder.
The timing for the purchase of the most dominant media outlet in Nevada, an early-voting swing state, along with the high price compensated, is fueling speculation that the mystery buyer might be a conservative that is wealthy.
On a stop by at the Review Journal‘s head office this week, GOP not-so-frontrunner Jeb Bush mused that perhaps it was Donald Trump, although we think he was joking. Ultimately, though, the candidate that is presidential as baffled as average folks.
‘Just completed hour+ @reviewjournal ed board. Just q left unanswered who owns the newspaper?’ tweeted Bush.
A name that has cropped up in a lot of speculative media reports is, inevitably, Sheldon Adelson, and definitely the Republican mega-donor appears to be to fit the profile. He owns papers in Israel, where his day-to-day paper that is free Israel Hayom (Israel Today), can be so pro-Netanhayu it has been accused of compromising the foundations of Israeli democracy.
Moreover, Adelson has a huge stake in the affairs of Las Vegas and Nevada (the first US state to legalize and regulate online gaming), and has vowed that he will invest ‘whatever is necessary’ in his crusade to banish regulated on the web gambling from America.
And meanwhile, Adelson’s people are refusing to answer requests for comments from the various media sources that have contacted them on the matter this week.
But not everyone is convinced that Adelson is behind all this. University of Nevada, Las vegas, nevada connect history professor Michael Green told the Los Angeles Times that while Adelson had been 1st name that came to mind, something doesn’t quite ring true.
‘My immediate idea was, if [Adelson] purchased, he’d have told us already, just by dint to the fact that he’s been mostly 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 final GOP debate of 2015 honed in on issues of nationwide protection following a terrorism attacks in both Paris and San Bernardino, California. All nine main phase candidates, featuring Donald Trump front and center, positioned for exposure to exhibit their defense expertise.
GOP debate in Las Vegas: Donald Trump was once more the kingpin at the season’s final Republican debate, held at fellow billionaire Sheldon Adelson’s Venetian casino. (Image: John Locher/AP)
Donald Trump reigned supreme yet again, at least stature-wise, once the real-estate mogul continues his dominating appeal into the polls. But itwas the senators from Florida and Texas who seemed the many confrontational during the spectacle that is three-hour as Senators Marco Rubio and Ted Cruz repeatedly sparred over their Congressional documents.
While there clearly was no clear winner, host network 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 triumph.
The debate ended up being mainly balanced and fair, in accordance with the prospects.
The 2 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 many bizarre debate question while asking previous pediatric neurosurgeon Ben Carson if he would be more comfortable with the ‘death of large number of innocent children’ in bombing ISIS.
Carson’s reaction was similarly strange, mentioning kids whose heads he had opened up for brain surgery later being grateful he had done so. What?
Sheldon in the Wings
The conversation dedicated to keeping America safe, which was noted due to the fact true number 1 obligation of the president per repetitive declarations by the candidates. No gambling or fantasy that is daily talk was mentioned, although the debate was taking place in vegas, the gaming mecca associated with United States.
Several celebrities had been in attendance, including Mr. Las Vegas himself Wayne Newton, but the elephant not shown within the room was billionaire Las vegas, nevada Sands owner Sheldon Adelson.
Held in the swing state of Nevada at Adelson’s Venetian resort, governmental insiders believe Rubio could be the candidate that is preferred the eyes regarding the gambling tycoon. Adelson gave nearly $100 million in donations to super action that is political (PAC) through the 2012 presidential election, and he is a lot more than more likely to do similar in 2016.
Rumors are also bandied this week that Adelson will be the buyer that is mysterious of City’s primary news source, the nevada Review-Journal. Many believe the paper, bought for many millions a lot more than its stated value, could be one tool Adelson hopes to sway the important Nevada vote in his desired direction, although the buyer remains shrouded in darkness.
Cruz vs. Rubio
Last night Rubio and Cruz both made their cases to persuade voters to their side as being a legitimate conservative substitute for the outspoken Trump. Adelson is a vital prize to a successful Republican campaign, assuming one isn’t worth $10 billion on a single’s very own, as is the frontrunner the Donald.
Rubio, who’s allegedly met with Adelson privately on several occasions, is reportedly the lead candidate to receive his financial backing. However, there are also reports that Adelson’s wife Miriam prefers Cruz, and it’s really rumored to have led to an internal argument among the few.
Cruz talked at the Jewish that is republican Coalition Spring Leadership Meeting in April at the Venetian, with both Sheldon and Miriam in attendance.
Speculation has additionally surfaced that Adelson is not in support of Trump being the nominee that is republican go up against the most likely Democrat pick Hillary Clinton. Trump tweeted in October that Adelson preferred Rubio because ‘he can mold him into his perfect little puppet.’
That said, Trump and Adelson did meet before last night’s 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 meet, and we are going to generally meet.’
GVC Chief Kenny Alexander Denies Wrongdoing Over 37Entertainment Claims
GVC Holdings CEO Kenny Alexander denied claims from the Canadian marketing firm that his company had reneged for a deal. (Image: Tom Stockhill/ thesundaytimes.co.uk)
GVC Holding’s acquisition of bwin.party was unanimously authorized by shareholders today, even as GVC boss Kenny Alexander has been forced to deny claims that his company double-crossed A canadian marketing company during its negotiations with bwin.
37Entertainment (37E) is thought to have filed an arbitration claim because of the International Chamber of Commerce against GVC for misrepresentation of business through the reneging of solutions on a partnership deal.
37E’s claim states that GVC failed to deliver promised solutions for the launch of two white-label online gambling sites, which were to be operated jointly by the two companies.
The firm claims that GVC constantly delayed the signing of the agreement so that you can pursue its takeover of bwin.party, before pulling out from the deal completely despite 37E having already begun operations.
Speaking to Review that is eGaming called the claims ‘spurious’ and ‘without substance,’ adding that the company would ‘robustly defend’ it self.
GVC had previously stated that the claims were without merit, as ‘no formal agreement had been reached’ between the two companies.
‘GVC is continuously exploring new relationships in new geographies and not all possibilities reach maturity,’ said a GVC representative last August.
In GVC trumped 888 Holdings for the directly to buy bwin.party september for $1.6 billion in cash and shares. The battle for bwin was a long affair, since the two online gaming leaders attempted to outmuscle one another with bid and counterbid.
Bwin Shareholders Approve Deal
At one point, negotiations seemed to be decided and only 888, but GVC’s decision to ditch its initial backer that is financial Amaya Inc., and make an alternative solamente bid eventually convinced the bwin investors to come on board. Or 1 / 2 of them, at the least.
The bwin board polled its shareholders and found that they were split 50/50 between the offers in the week leading up to the acceptance of the GVC offer. The board was then able to persuade a group of majority shareholders to switch sides and go with its option that is preferred.
On however, bwin announced that 99.99 percent of its shareholders voted in favor of the proposal tuesday. Bwin said in a declaration that the offer still remains susceptible to the satisfaction conditions lay out within the scheme document, such as official sanctioning by the court.