The Buzz | Adelson confirms purchase of Las Vegas newspaper

Sheldon Adelson, a Republican mega-donor and casino magnate, revealed in an editor’s note in yesterday’s edition of the Las Vegas Review-Journal that he had bought the newspaper through an anonymous LLC, according to Talking Points Memo.
Adelson’s son-in-law, Patrick Dumont, who is also a senior vice president at the 82-year-old’s Las Vegas Sands Corp., set up the USD140 million buy, the Review-Journal reported. The secretive nature of the deal had prompted calls from journalism groups and politicians for the new owner to reveal himself.
Adelson and his family bought the paper “as both a financial investment as well as an investment in the future of the Las Vegas community,” the editor’s note said. They always claimed to announce their ownership but delayed it due to fact that the Venetian, one of the properties owned by the magnate, hosted Tuesday’s Republican presidential debate, the note said.