LAS VEGAS (AP) — The company that sold the Las Vegas Review-Journal to billionaire casino mogul and GOP mega donor Sheldon Adelson is defending the transaction and slamming the media.
Mike Reed is chief executive officer of New Media Investment Group's subsidiary company Gatehouse Media, which will continue to run Nevada's largest newspaper.
He said the public company had no intention to resell the paper but did so out of fiduciary duty in the interest of its shareholders.
He said Gatehouse didn't disclose the buyer due to a confidentiality agreement and rejected the notion that the paper's integrity had been challenged.
He said the public didn't care about the buyer and that reporters pushed the story with the intention of creating controversy.
The paper's online story about the buyer showed hundreds of reader comments.