Advance Publications, Inc.,

doing business as A trade name, trading name, or business name, is a pseudonym used by companies that do not operate under their registered company name. The term for this type of alternative name is a "fictitious" business name. Registering the fictitious name w ...

Advance, is an American media company owned by the descendants of S.I. Newhouse Sr.,

Donald Newhouse Donald Edward Newhouse (born 1929) is an American billionaire heir and business magnate. He owns Advance Publications, founded by his father, Samuel Irving Newhouse Sr., in 1922, whose properties include Condé Nast (publisher of such magazines a ...

and S.I. Newhouse Jr. It owns a large number of subsidiary companies, including

Condé Nast Condé Nast () is a global mass media company founded in 1909 by Condé Montrose Nast, and owned by Advance Publications. Its headquarters are located at One World Trade Center in the Financial District of Lower Manhattan. The company's med ...

, and is a major shareholder in

Reddit Reddit (; stylized in all lowercase as reddit) is an American social news news aggregator, aggregation, Review site#Rating site, content rating, and Internet forum, discussion website. Registered users (commonly referred to as "Redditors") subm ...

History

The company is named after the ''

Staten Island Advance The ''Staten Island Advance'' is a daily newspaper published in the borough of Staten Island in New York City. The only daily newspaper published in the borough, and the only major daily paper focused on a borough, it covers news of local and ...

'', the first newspaper owned by the Newhouse family, in which Sam Newhouse bought a controlling interest in 1922. In August 2018, Advance/Newhouse ("A/N") notified Charter Communications that it intended to establish a credit facility collateralized by a portion of Advance/Newhouse Common Units in

Charter Communications Charter Communications, Inc., is an American telecommunications and mass media company with services branded as Spectrum. With over 32 million customers in 41 states, it is the second-largest cable operator in the United States by subscribers, ...

Holdings, LLC. That same month, Condé Nast CEO Robert A. Sauerberg Jr. announced his five-year strategy to generate $600 million in new revenue from new revenue streams while driving costs out of the business. In March 2020, the company acquired The Ironman Group, a mass participation sports platform including the Ironman Triathlons and Absa Cape Epic mountain bike race, from the Wanda Sports Group.

Description

For most of its history, Advance did not have an official headquarters; most publications listed the ''Advance'' offices in Staten Island's Grasmere neighborhood as its nominal headquarters. , it was ranked as the 221st largest

privately held company A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is ...

in the United States, according to ''

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...

.''

Subsidiaries

, the group owns

(which includes the magazines ''

Vogue Vogue may refer to: Business * ''Vogue'' (magazine), a US fashion magazine ** British ''Vogue'', a British fashion magazine ** ''Vogue Arabia'', an Arab fashion magazine ** ''Vogue Australia'', an Australian fashion magazine ** ''Vogue China'', ...

'', ''

The New Yorker ''The New Yorker'' is an American weekly magazine featuring journalism, commentary, criticism, essays, fiction, satire, cartoons, and poetry. Founded as a weekly in 1925, the magazine is published 47 times annually, with five of these issue ...

'' and '' ''Wired''''),

1010data 1 (one, unit, unity) is a number representing a single or the only entity. 1 is also a numerical digit and represents a single unit of counting or measurement. For example, a line segment of ''unit length'' is a line segment of length 1. ...

Turnitin Turnitin (stylized as turnitin) is an Internet-based plagiarism detection service run by the American company Turnitin, LLC, a subsidiary of Advance Publications. Founded in 1998, it sells its licenses to universities and high schools who then ...

, The Ironman Group, Advance Local,

ACBJ American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News ...

Stage Entertainment Stage Entertainment is an international operating live entertainment company, a subsidiary of Advance Publications. The company was founded in 1998 by Joop van den Ende in Amsterdam. History The Netherlands / Corporate The root of the company l ...

, Leaders Group and Seattle-based digital agency Pop, Inc., and is a major shareholder in

. The company holds an 8.16% ownership in media conglomerate

Warner Bros. Discovery Warner Bros. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered at 230 Park Avenue South in New York City. It was formed after the spin-off of WarnerMedia by AT&T, and its merger with Di ...

, carried over from its 31% stake in predecessor

Discovery, Inc. Discovery, Inc. was an American multinational mass media factual television conglomerate based in New York City. Established in 1985, the company operated a group of factual and lifestyle television brands, such as the namesake Discovery Channe ...

Advance also owns a 13% stake (as of 2016) in

, which it received when

Bright House Networks Bright House Networks, LLC also simply known as Bright House, was an American telecom company. Prior to its purchase by Charter Communications, it was the tenth-largest multichannel video service provider and the 6th largest cable internet provi ...

merged with Charter.

References

External links

* {{Authority control 1922 establishments in New York City Business newspapers published in the United States Companies based in Staten Island Magazine publishing companies of the United States Newspaper companies of the United States Publishing companies based in New York City Privately held companies based in New York City Publishing companies established in 1922 Warner Bros. Discovery American companies established in 1922 Holding companies of the United States Family-owned companies of the United States

History

Description

Subsidiaries

References

Further reading

External links