Today the Las Vegas Review-Journal reports that sources have confirmed that casino executive Sheldon Adelson has purchased the paper — or rather that his son-in-law arranged the purchase for him. Yet on the jump the paper prints a statement from the Adelson family confirming the purchase. I could not this morning find that statement on the paper’s website, which has the lengthy source-based story. (The Adelson family statement was added online next to the news story shortly before 8 a.m., but the lede on the story is unchanged.)
The news story still goes on at length about various people calling for the new owner to reveal himself without stating that Adelson has done so. I’ve told the paper’s editors are getting obsessive about updating stories online as events change, but not this one … so far this morning.
The Adelson family statement explained that it understands the desire of the newspaper staff to learn who its new owner is and said it was always their intention to come forward, but they did not want that news to distract from the national focus on the Republican presidential debate being held at the company-owned Venetian.
Here is the Adelson family statement as it appears in the print edition of the R-J:
Editor’s note: A statement from the Adelson family in response to this article
The Adelson family has called Las Vegas home for nearly 25 years. Through our business interests here we’ve helped employ tens of thousands of people and have been honored to provide support to many of this community’s important charitable and civic organizations and causes.
Today, we are proud to announce that the Adelson family has purchased the Las Vegas Review-Journal through a wholly-owned fund, as both a financial investment as well as an investment in the future of the Las Vegas community.
We understand the desire of the hard-working staff at the R-J and others in the community to know the identity of the paper’s new owners, and it was always our intention to publicly announce our ownership of the R-J.
This week, with each of the Republican candidates for president and the national media descending on Las Vegas for the year’s final debate, we did not want an announcement to distract from the important role Nevada continues to play in the 2016 presidential election.
Our motivation for purchasing the R-J is simple. We believe in this community and want to help make Las Vegas an even greater place to live. We believe deeply that a strong and effective daily newspaper plays a critical role in keeping our state apprised of the important news and issues we face on a daily basis.
The management team from New Media, which is currently running the R-J, will continue to oversee the operations of the publication. The family wants a journalism product that is second-to-none and will continue to invest in the paper to achieve this goal.
On behalf of our family, we wish the entire Las Vegas Valley a safe and healthy holiday season and our best wishes for 2016.