Opinion: Adelson has chance to prove doubters wrong
By John L. Smith, Las Vegas Review-Journal
Casino titan Sheldon Adelson likes to tell the story of his early days as a newsboy in Boston, elbowing the bigger kids for a chance to hawk nickel dailies on the street corner. It’s an inspiring tale torn straight from the pages of Horatio Alger.
John L. Smith
The scrapper from Dorchester has come a long way since then, and today ranks among the world’s richest men, but this past week we learned Adelson has entered the local newspaper business in a big way. Not on a street corner, but as the proxy owner of the Las Vegas Review-Journal.
After being pulled from the shadows of a Delaware LLC by intrepid Review-Journal reporters, the Adelson family made its jaw-dropping $140 million acquisition official and insisted in a statement that it has only the best interests of the community and journalism in mind. We’ll see.