LAS VEGAS (AP) — The Nevada Supreme Court says a profit-sharing dispute between the owners of the Las Vegas Sun and crosstown rival Las Vegas Review-Journal newspapers belongs before a third-party arbitrator.
The state high court sided Thursday with the larger Review-Journal, which argued that a 2005 amendment to a 1989 joint-operating agreement specifies such a case should go to an arbitrator.
Sun owner Brian Greenspun contends the Review-Journal improperly deducted editorial costs before paying monthly profit shares to Greenspun Media Group.
The Sun argues it's due at least $6 million over 10 years of business with former Review-Journal owner Stephens Media.
The Review-Journal is now owned by the family of billionaire casino owner Sheldon Adelson.
Review-Journal lawyers point to decreased revenues and big changes in the newspaper industry over the past decade.