Journalists and staff of the Nevada daily newspaper Las Vegas Review Journal are now playing a game “Who is our new boss?”
Las Vegas Review-Journal reported that it had been sold to a newly formed Delaware company News + Media Capital Group LLC for $140 million on December 8. The sale would include the paper and some sister publications.
The Review-Journal will continue to be operated by Gatehouse Media, subsidiary of New Media Investment Group.
In March, New media acquired Review Journal’s parent company Stephens Media LLC for $102.5 million in cash. Meaning last week’s sale is $38 million more compared to its price tag nine months ago.