Why one Las Vegas newspaper just stopped printing its rival

LAS VEGAS (AP) — The Las Vegas Review-Journal announced Friday that it will no longer print its rival the Las Vegas Sun for the first time in decades, sharpening their legal dispute over the nation’s last joint operating agreement stemming from a 1970 law designed to preserve newspapers.

Readers “will not find a printed Las Vegas Sun insert inside,” the Review-Journal wrote in an editorial, noting the Sun maintains a website, has a few hundred thousand followers across social media platforms, and is free to produce its own newspaper.

“We encourage them to do so. The Review-Journal competes with countless sources of news and entertainment, but we would welcome one more. We just don’t want to foot the bill. It is time the Sun stood up on its own two feet,” the editorial said, without specifying the cost.

It was the first day in 76 years the Sun hasn’t been printed, Sun attorney Leif Reid said in an email.

“This does irreparable harm to our community, as no one benefits when a local newspaper is prevented from being published,” Reid said.

The two publications will be in court Friday and the Sun hopes a judge will order printing to immediately resume. Employees are preparing print pages as always in hopes they will be able to publish Saturday, said Robert Cauthorn, chief operating officer.

The now-rare joint operating agreement required the Sun to be printed as a daily insert in the Review-Journal, the state’s largest newspaper. Both companies remained editorially independent with separate newsrooms and websites.

A lower court found the agreement was unenforceable because a 2005 update was never signed by the U.S. attorney general, and in February the U.S. Supreme Court declined to hear the Sun's appeal.

The Review-Journal editorial called the Supreme Court decision a decisive victory, saying that halting publication of the Sun on Friday was “a result of 6½ years of litigation between the newspapers, precipitated by the Sun.”

Such agreements between rival publications have dwindled as part of a "long, slow goodbye of newspapers as we knew them,” said Ken Doctor, a news business analyst. The Detroit Free Press and the Detroit News ended a 40-year agreement last year. USA Today Co., which owns the Detroit Free Press, recently announced its plans to purchase the Detroit News.

In 1950, the Sun was founded in response to the Review-Journal’s refusal to negotiate with typesetters from the International Typographical Union. The union started its own newspaper and reached out to businessman Hank Greenspun for financial backing. The Greenspuns still own the paper.

The Review-Journal has been publishing since 1909, first as the Clark County Review. It is owned by the Adelson family, who are casino magnates and Republican megadonors.

The Review-Journal’s editorials lean more conservative, while the Sun’s lean liberal. The 1970 law signed by then-President Richard Nixon, called the Newspaper Preservation Act, was designed to save newspapers costs while maintaining competition and editorial variety.

The papers first entered into a joint operating agreement in 1989 when the Sun was struggling to stay afloat financially. The agreement made the Sun an afternoon newspaper during weekdays and a section within the Review-Journal on weekend mornings, while the Review-Journal handled production, distribution and advertising. The Review-Journal also collected all revenue and was required to pay the Sun monthly to cover the Sun’s news and editorial expenses.

In 2005 the agreement was amended to make the Sun an insert in the Review-Journal every morning.

Review-Journal owners sought to end the agreement in 2019, and in response the Sun’s owners filed a lawsuit alleging that ending the agreement violated antitrust laws.

The 1970 law allowing such agreements came at a time when news options weren't as prevalent and there was more concern over news monopolies.

Las Vegas — and Nevada as a whole — today have more strong, independent news organizations compared with other places, said Stephen Bates, a journalism and media professor at the University of Nevada, Las Vegas.

The Sun also publishes online. But it has argued in court that losing its print product could make it harder to recruit staff, cause a loss in readers, and even force it to close.

Genelle Belmas, a journalism professor at the University of Kansas who specializes in media law, said it would be disappointing if the last joint operating agreement in the country ends. During visits to Vegas, she's enjoyed being able to pick up the Review-Journal and see the Sun folded inside, offering two differing points of view in one place. Online news outlets make it easier for consumers to stay in their echo chambers, she said.

“Every local news outlet we lose — and that includes big towns, small towns, whatever — is a loss of perspective and a loss of a potential alternative view,” Belmas said.

Associated Press journalist Kathleen Ronayne contributed from Sacramento, California.

The exterior of the Las Vegas Review-Journal is shown Friday, April 3, 2026, in Las Vegas (AP Photo/Ty Oneil)

The front page of the Las Vegas Review-Journal is shown Friday, April 3, 2026, in Las Vegas (AP Photo/Ty Oneil)

FILE - This Dec. 17, 2015 file photo shows a sign outside the building housing the Las Vegas Review-Journal in Las Vegas. AP Photo/John Locher, File)

NEW YORK (AP) — Elon Musk announced plans Wednesday for one of the biggest stock sales ever by taking public a space company that is currently losing billions of dollars year.

A filing shows that his SpaceX lost $2.6 billion from operations last year on $18.7 billion in revenue, and the losses kept piling up at the start of this year, too.

The prospectus did not put a dollar figure on the amount Musk hopes to raise, but various reports have put it at $75 billion or so. An offering of that size would easily surpass the current title holder, Saudi Aramco, the oil giant that went public seven years ago and raised $26 billion.

SpaceX, formally known as Space Exploration Technologies Corp., has said the money will help finance projects to put people on the moon and other planets in its quest to make humans an intergalactic species as they face existential threats that could wipe out civilization.

“We do not want humans to have the same fate as dinosaurs,” the filing states.

The prospectus reads in part like a Hollywood fantasy version of the future, detailing in one section how part of Musk’s compensation will be granted only if he maintains “a permanent human colony on Mars with at least one million inhabitants.”

Short of that, the stock sale alone could make Musk, a major owner who founded SpaceX in 2002, the world’s first trillionaire. Forbes currently puts his net worth at $839 billion.

In addition to making reusable rockets to hurl astronauts into orbit, SpaceX has other businesses, some successful, some struggling — and with plenty of questions marks.

The document shows that Starlink, the world’s largest satellite communications company, is a big source of cash for the company, generating $4.4 billion in operating income last year. The business uses 10,000 satellites in low orbit to provide internet service to 10 million people in 150 countries and territories.

Among the struggling businesses are two Musk units that were recently acquired by SpaceX — his social media platform X, formerly Twitter, and his artificial intelligence business, xAI. Those purchases were blasted by some SpaceX investors as bailouts because they are big money losers.

The prospectus said its AI business lost $6.4 billion in operations last year.

The original SpaceX business, making rockets and staging launches, has been helped by massive government contracts, which raises questions that could come back to haunt the company. Given Musk’s close relation to the Trump administration, government ethics lawyers and watchdogs have asked if he has gotten special treatment to win taxpayer money and whether that good luck will run out once President Donald Trump is out office.

SpaceX has won contracts worth $6 billion from NASA and the Defense Department and other government agencies in the past five years, according to USAspending.gov. The company noted in its filing that a fifth of its revenue last year was from the federal government.

Musk was the biggest donor to Trump’s presidential campaign and is still a big backer despite their sometimes rocky relationship after his stewardship of the government cost-cutting effort called DOGE early last year.

Like many corporate CEOs, Musk’s compensation will go far beyond his annual salary, which was $54,080 in 2025 and has remained unchanged since 2019, according to the filing.

The prospectus says stock grants for him would be sliced into 15 nearly equal amounts — 67 million shares in total — and would vest only as the company achieves preset market cap goals. In addition to the Martian colony, SpaceX’s stock market value would have to reach $7.5 trillion for him to receive the full award.

He would get even more stock awards if SpaceX manages to get giant data centers the size of football fields in space.

The document shows Musk will be able to exert big control over the business.

It says he and certain other shareholders will receive shares in a special class of stock that gives them 10 votes for each share they hold. Those shareholders will be able, among other things, to elect a majority of the company’s board of directors.

“This will limit or preclude your ability to influence corporate matters and the election of our directors,” SpaceX said in a warning to prospective investors.

SpaceX will be able to pitch the offering to investors — in what’s known in Wall Street parlance as a “road show” — 15 days after making its prospectus public. In this case, that works out to June 4.

Associated Press writer Alex Veiga in Los Angeles contributed.

FILE - Elon Musk attends the annual meeting of the World Economic Forum in Davos, Switzerland, Jan. 22, 2026. (AP Photo/Markus Schreiber, File)

SpaceX's latest version of it's mega rocket Starship is prepared for a test flight from Starbase, Texas, Wednesday, May 20, 2026. (AP Photo/Eric Gay)