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Largest Nev. paper sells for $140M, but who's the owner?

LAS VEGAS - The owner of the Las Vegas Review-Journal says it sold Nevada's largest newspaper for $140 million and will continue managing it.

New Media Investment Group paid $102.5 million earlier this year for the newspaper and several Stephens Media publications in other states.

Its sale to News + Media Capital Group LLC involves just the Review-Journal and affiliated publications in Nevada. The purchase was first announced late Thursday without a sale price.

Little is being revealed about News + Media, which incorporated in September in Delaware.

Review-Journal publisher Jason Taylor says he isn't at liberty to identify the group's backers. He doesn't expect the group to be involved in news or editorial decisions.

The newspaper reports the group's manager Michael Schroeder leads Central Connecticut Publishing and worked at Newsday, the Los Angeles Herald Examiner and the Orange County Register.

Reporters at the paper have taken to social media protesting the secrecy around the ownership transfer. Many have highlighted the company's own policy of accountability and transparency.

Reporters also aren't the only ones perplexed by the mystery.

Mother Jones reports there is no law requiring the ownership group to reveal itself, and that if nothing changes at the paper, it will be by far the biggest in the nation with secretive ownership.