LAS VEGAS, Nev. – A battle over the future of the family-owned Las Vegas Sun has been resolved after one brother took sole ownership and vowed to continue publishing the newspaper.
Brian Greenspun announced Tuesday that he took control of the 64-year-old newspaper and its parent company, Greenspun Media Group, in an agreement that splits family assets among four siblings.
“This is a happy day for me,” Brian Greenspun said. “This community must have, and richly deserves, multiple newspaper organizations covering it. We’re here to stay and here to thrive.”
The future of the Sun has been murky since last summer, when three Greenspun siblings moved to end a joint operating arrangement with the Las Vegas Review-Journal’s parent company, Stephens Media. The joint operating agreement splits revenue between the publications, and the Sun is delivered as a section within the Review-Journal.
Brian Greenspun sued, saying ending the arrangement could kill the Sun.
The agreement announced Tuesday divvies up portions of the family business, placing luxury magazine network Niche Media in the hands of Janie Greenspun Gale and her husband, Jeff Gale.
In addition to the Sun, Brian Greenspun will take over other Greenspun Media Group assets, including the Sun’s news website, Las Vegas Magazine, The Sunday newsmagazine and the arts and entertainment magazine Las Vegas Weekly. Those publications had previously been co-owned by the four siblings.
As a result of the agreement, Greenspun says he’s suspending discussions on ending the joint operating arrangement with Stephens Media and will withdraw his lawsuit.
Information from: Las Vegas Sun, http://www.lasvegassun.com