Bloomberg Law

Billionaire Adelson Hit With Antitrust Suit by Las Vegas Sun
September 24, 2019

The Las Vegas Sun is accusing billionaire Sheldon Adelson of committing a “modern-day smashing of the printing presses” through his purchase of rival newspaper The Las Vegas Review-Journal.

Sheldon, 86, is the owner and chairman of the Las Vegas Sands, the world’s largest casino operator. The Sun’s strongly worded Sept. 24 antitrust complaint accuses Sheldon of purchasing the Review-Journal to begin “a systematic silencing of all his local media critics.”

The Review-Journal recently filed a lawsuit against the Sun in a Nevada state court in what the Sun says is a “baseless and unlawful” claim to end a joint operating agreement between the two newspapers. The JOA is the result of a federal law that “provides a limited antitrust exemption for newspapers to combine production, marketing, distribution, and sales, so long as their editorial and reportorial functions are maintained separate and independent,” the complaint said.

The move by the Review-Journal to end the JOA violates federal antitrust law, the complaint filed Sept. 24 by the Sun in the U.S. District Court for the District of Nevada said.

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