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The Latest: Other Las Vegas paper welcomes billionaire Sheldon Adelson to local industry

LAS VEGAS, Nev. – The latest on the ownership of the Las Vegas Review-Journal (all times local):

9:40 a.m.

The CEO and publisher of the Las Vegas Sun says he welcomes billionaire casino mogul Sheldon Adelson and his family to the journalism neighbourhood after they confirmed their purchase of Nevada’s largest newspaper, the Las Vegas Review-Journal.

The newspapers have a joint operating agreement, with the Sun delivered alongside the Review-Journal. The Sun’s Brian Greenspun said Thursday that if Adelson makes the Review-Journal a financial success, it’s good for both of them.

Greenspun says the papers will have some political differences, “but that just makes for good reading.” He was once roommates with former President Bill Clinton and has supported Hillary Clinton’s candidacy, while Adelson is a major GOP donor.

Greenspun says it’s Adelson’s prerogative as owner to set the tone for the paper’s editorials.

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7:25 a.m.

The family of billionaire casino mogul Sheldon Adelson confirmed in a statement to the Las Vegas Review-Journal that they’re the new owners of Nevada’s largest newspaper.

The statement printed on page 2 of Thursday’s edition comes a week after the paper was sold for a second time this year at a markup.

The owners had remained a mystery until now, with the newspaper’s staff and politicians having demanded to know the identity of the new boss.

The Adelsons say they had intended to announce their ownership but held back because Tuesday’s Republican presidential debate was taking place at the Venetian, the casino-hotel on the Las Vegas Strip that’s part of Adelson’s empire.

Adelson, a major GOP donor, said at the debate that he had “no personal interest” in ownership.