Adelson son-in-law orchestrated family's purchase of Las Vegas Review-Journal
Source: Las Vegas Review-Journal
The son-in-law of billionaire casino owner Sheldon Adelson arranged the $140 million purchase of the Las Vegas Review-Journal on Adelson's behalf, sources confirmed Wednesday.
Patrick Dumont, who is listed on the website of Las Vegas Sands Corp. as the company's senior vice president of finance and strategy, put together the deal at the behest of his father-in-law, the chairman and CEO of the casino operator.
... Another source familiar with the deal said Sheldon Adelson, currently 15th on the Forbes 400 List of Billionaires with a net worth of $24.5 billion, funded the transaction. Dumont helped create News + Media Capital Group, LLC, which acquired the Review-Journal and several smaller Nevada newspapers last week from New Media Investment Corp.
... Adelson has twice filed suit over comments about him that appeared in Las Vegas-based publications. Both of those lawsuits were eventually dismissed, but not before one action bankrupted RJ columnist John L. Smith, who had written about him in a book about casino moguls.
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