LAS VEGAS, Nev. – The owner of the Las Vegas Review-Journal says it sold Nevada’s largest newspaper for $140 million and will continue managing it.
New Media Investment Group paid $102.5 million earlier this year for the newspaper and several Stephens Media publications in other states.
Its sale to News + Media Capital Group LLC involves just the Review-Journal and affiliated publications in Nevada. The purchase was first announced late Thursday without a sale price.
Little is being revealed about News + Media, which incorporated in September in Delaware.
Review-Journal publisher Jason Taylor says he isn’t at liberty to identify the group’s backers. He doesn’t expect the group to be involved in news or editorial decisions.
The newspaper reports the group’s manager Michael Schroeder leads Central Connecticut Publishing and worked at Newsday, the Los Angeles Herald Examiner and the Orange County Register.