Secret investors buy one-time DU nemesis Las Vegas Review-Journal

[Newsjock]

Source: Las Vegas Review-Journal

For the second time this year, the Las Vegas Review-Journal and its sister publications in Nevada are under new ownership.

The publications were acquired by News + Media Capital Group LLC, a newly formed Delaware-domiciled company backed by "undisclosed financial backers with expertise in the media industry," Michael Schroeder, who was identified as the manager of News + Media, said Thursday at an employee meeting.

... Schroeder said News + Media does not own his newspapers or any other publications. When asked, he would not disclose the company's investors. "They want you to focus on your jobs ... don't worry about who they are,'' Schroeder said.

Review-Journal Editor Michael Hengel noted the lack of disclosure. "The questions that were not answered Thursday are 1) Who is behind the new company, and 2) what are their expectations?" Hengel said.

Read more: http://www.reviewjournal.com/business/las-vegas-review-journal-sold-news-media-capital-group-llc

[hr]
Previously on DU:
December 2010: Bravo Skinner! DU opens up a fresh can of whoop-ass on Righthaven
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x9733801

[Egnever]

1. Well it can't get much worse

It has been a right wing rag for a looong time.

[Javaman]

2. I remember when all that went down.

I was so delighted to see rightheaven be taken down. they had a rep for trolling sites to extort them for money via threat of lawsuit.

fuck those bastards.