...Another curious aspect of the sale was that the news owners paid
significantly more for the Review-Journal than the previous owners just
seven months ago. In March, New Media Investment Group bought the Review-Journal's parent company,
Stephens Media LLC, for $102.5 million, a deal that included eight
daily papers and 65 weekly papers spread across the country. On Friday
night, the Review-Journal reported that the new owners paid $140 million for the Review-Journal and several smaller Nevada papers.
"The amount points to investors with deep pockets and a perhaps even
deeper desire to own Nevada's biggest newspaper even though the paper's
revenues, like those of all print publications, have been in
decline," wrote the Review-Journal's James DeHaven.
