Sheldon Adelson, a billionaire casino magnate and Republican power broker who spent more than $100 million in the last election cycle, is behind the secret purchase of the Las Vegas Review-Journal, according to the newspaper.
Speculation has mounted for days that Adelson was the primary backer of News + Media Capital Group LLC, a secret group that acquired the Review-Journal and several local papers on Thursday for $140 million. The unusual transaction prompted reporters in the paper’s own newsroom, along with others nationwide, to try and solve the media mystery.
While Adelson’s camp has refused for days to comment on rumors of the billionaire’s involvement, the man himself coyly brushed off questions Tuesday night at his Venetian hotel, site of CNN’s Republican presidential debate. He told the network that he had no “personal interest” in the paper.
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