Las Vegas Review-Journal sold again

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.
New Media Investment Group acquired the Review-Journal’s parent company, Stephens Media LLC, for $102.5 million in cash in March. GateHouse Media LLC, a subsidiary of New Media, will continue to operate the Review-Journal and associated publications under a management agreement.
Schroeder said the investment group had been looking to buy the Review-Journal “for six to eight months.”
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