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MESSAGE FROM THE NEW OWNERS

ABOUT THE FUTURE OF THE LAS VEGAS REVIEW-JOURNAL

The Review-Journal has long been a cornerstone of Las Vegas, and we want the
community to understand the three principles that will guide us as the new owners of the R-J.


First, we are committed to making the new investments necessary for the ReviewJournal to succeed. The R-J has now been sold twice within just one year, in the midst of a
volatile newspaper industry that is facing enormous challenges. Our goal is to invest with the
team at the R-J as necessary to create new features and components that will be win-wins for
the newspaper and its readers. We are proud to have contributed over many years to the
success of the Las Vegas economy and to the lives of more than 10,000 Las Vegas residents who
work with us at Sands. We are determined to generate the same kind of new investments and
financial stability at the Review-Journal.


Second, we pledge to publish a newspaper that is fair, unbiased and accurate. We
decided to buy the Review-Journal to help create a better newspaper a forward thinking
newspaper that is worthy of our Las Vegas community. This journalism will be supported by
new investments in services such as enhanced fact checking and a Reader Advocate or
Ombudsperson to respond to reader concerns.


Third, we regard ourselves as stewards of this essential community institution, and we
promise that the Review-Journal will serve the people of Las Vegas for many years to come.
In particular, we will deepen the newspapers involvement with the community and invest what
is necessary to ensure that the R-J is reporting news in the ways our community expects.

These are the three principles that will guide our ownership of the Las Vegas ReviewJournal. How will this all work over the coming weeks and months? The professionals at New
Media, who are now managing the R-J as well as running more than 125 other daily newspapers
nationwide, will continue to oversee all operations. The papers current editor accepted a
voluntary buyout offer from the R-Js prior owners, an offer that was also made to other
qualified employees. Other R-J employees also accepted the voluntary buyout offer from the
previous owners. The New Media managers will appoint an interim editor and will immediately
begin a search for the next permanent Review-Journal editor.

We are confident that the best days for the Review-Journal, Southern Nevada and the
entire state are yet to come, and we feel privileged to be able to continue to play a role in our
great community.