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P a g e s f o r l o g g e d o u t e d i t o r s l e a r n m o r e ● C o n t r i b u t i o n s ● T a l k
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3 S u b s i d i a r i e s
4 R e f e r e n c e s
5 F u r t h e r r e a d i n g
6 E x t e r n a l l i n k s
T o g g l e t h e t a b l e o f c o n t e n t s
A d v a n c e P u b l i c a t i o n s
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T o o l s
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● R e a d ● E d i t ● V i e w h i s t o r y
G e n e r a l
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● W i k i m e d i a C o m m o n s
A p p e a r a n c e
F r o m W i k i p e d i a , t h e f r e e e n c y c l o p e d i a
( R e d i r e c t e d f r o m A d v a n c e L o c a l M e d i a L L C )
Advance Publications, Inc. is a privately held American media company owned by the families of Donald Newhouse and Samuel Irving Newhouse Jr. , the sons of company founder Samuel Irving Newhouse Sr. It owns a large number of subsidiary companies, including American City Business Journals and Condé Nast , and is a major shareholder in Charter Communications , Reddit , and Warner Bros. Discovery .
History
[ edit ]
The company is named after the Staten Island Advance [3]
On August 25, 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 Holdings, LLC.[4] [5]
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 .[6]
Description
[ edit ]
For most of its history, Advance had no official headquarters; most publications listed the Advance offices in Staten Island's Grasmere neighborhood as its nominal headquarters.[3]
While it did not have a corporate headquarters, Advance did operate a press bureau in Washington, D.C., the Newhouse News Service (NNS). Opened in 1961, NNS served as a national news bureau for all Advance portfolio publications until it closed in late 2008 as a cost-cutting measure due to the 2007–2008 financial crisis .[7]
As of November 2019,[update] privately held company in the United States, according to Forbes [8]
Subsidiaries
[ edit ]
As of August 2021,[update] Condé Nast , which includes the magazines Vogue The New Yorker Wired [9] Turnitin , The Ironman Group, Advance Local, American City Business Journals , Stage Entertainment , Leaders Group, and the Seattle -based digital agency Pop, Inc., and is a large shareholder in Reddit .[10] [9]
The company holds an 8.16% ownership in media conglomerate Warner Bros. Discovery ,[11] Discovery, Inc. [12] Charter Communications , which it received when Bright House Networks merged with Charter.[13] [14]
References
[ edit ]
^ a b Flamm, Matthew (November 21, 2010). "Advance Publications at crossroads" . Crain's New York Business . Retrieved September 24, 2012 .
^ "Charter Prices $500 Million Senior Secured Notes — NASDAQ.com" . Nasdaq.com . Retrieved August 25, 2018 .
^ Jerde, Sara (August 10, 2018). "Despite Ups and Downs This Year, Condé Nast's CEO Is Creating a Model That's 'Built to Last' . Adweek.com . Retrieved August 30, 2019 .
^ "Advance completes acquisition of The Ironman Group" . Advance.com . July 20, 2020. Retrieved August 18, 2021 .
^ Siegel, Fern (July 30, 2008). "Newhouse News Service Shutters After 47 Years" . MediaDailyNews . Media Post. Archived from the original on April 11, 2022. Retrieved August 3, 2023 .
^ "America's Largest Private Companies" , Forbes.com. Accessed May 5, 2020.
^ a b Greenberg, Julia (July 28, 2015). "For the Record: The Relationship Between WIRED and Reddit" . Wired . ISSN 1059-1028 . Retrieved January 29, 2019 .
^ "Advance" . Advance.com . July 20, 2020. Retrieved August 18, 2021 .
^ "Warner Bros. Discovery – Annual Reports & Proxies" . ir.wbd.com .
^ Flamm, Matthew (December 13, 2010). "Advance Publications waving around $500M" . Crain's New York Business . Retrieved June 22, 2012 .
^ "Newhouse Broadcasting reports 13 pct stake in Charter Communications" . Reuters.com . May 27, 2016. Retrieved June 25, 2016 .
^ Steel, Emily (May 26, 2015). "Broadband at the Center of Charter-Time Warner Cable Deal" . The New York Times ISSN 0362-4331 . Retrieved May 26, 2015 .
Further reading
[ edit ]
Lindauer, Wilson B. "Advance Publications Inc." . International Directory of Company Histories . Retrieved May 28, 2018 – via Encyclopedia.com.
Maier, Thomas (1994). Newhouse: All the Glitter, Power, and Glory of America's Richest Media Empire and the Secretive Man Behind it . St. Martin's Press. ISBN 978-0-312-11481-7
External links
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See also
R e t r i e v e d f r o m " https://en.wikipedia.org/w/index.php?title=Advance_Publications&oldid=1235281347 " C a t e g o r i e s : ● 1 9 2 2 e s t a b l i s h m e n t s i n N e w Y o r k C i t y ● A d v a n c e P u b l i c a t i o n s ● N e w h o u s e f a m i l y ● B u s i n e s s n e w s p a p e r s p u b l i s h e d i n t h e U n i t e d S t a t e s ● C o m p a n i e s b a s e d i n S t a t e n I s l a n d ● M a g a z i n e p u b l i s h i n g c o m p a n i e s o f t h e U n i t e d S t a t e s ● N e w s p a p e r c o m p a n i e s o f t h e U n i t e d S t a t e s ● P u b l i s h i n g c o m p a n i e s b a s e d i n N e w Y o r k C i t y ● P r i v a t e l y h e l d c o m p a n i e s b a s e d i n N e w Y o r k C i t y ● P u b l i s h i n g c o m p a n i e s e s t a b l i s h e d i n 1 9 2 2 ● W a r n e r B r o s . D i s c o v e r y ● A m e r i c a n c o m p a n i e s e s t a b l i s h e d i n 1 9 2 2 ● H o l d i n g c o m p a n i e s o f t h e U n i t e d S t a t e s ● F a m i l y - o w n e d c o m p a n i e s o f t h e U n i t e d S t a t e s H i d d e n c a t e g o r i e s : ● A r t i c l e s w i t h s h o r t d e s c r i p t i o n ● S h o r t d e s c r i p t i o n m a t c h e s W i k i d a t a ● U s e A m e r i c a n E n g l i s h f r o m N o v e m b e r 2 0 2 2 ● A l l W i k i p e d i a a r t i c l e s w r i t t e n i n A m e r i c a n E n g l i s h ● U s e m d y d a t e s f r o m N o v e m b e r 2 0 2 2 ● A r t i c l e s c o n t a i n i n g p o t e n t i a l l y d a t e d s t a t e m e n t s f r o m N o v e m b e r 2 0 1 9 ● A l l a r t i c l e s c o n t a i n i n g p o t e n t i a l l y d a t e d s t a t e m e n t s ● A r t i c l e s c o n t a i n i n g p o t e n t i a l l y d a t e d s t a t e m e n t s f r o m A u g u s t 2 0 2 1 ● C o m m o n s c a t e g o r y l i n k f r o m W i k i d a t a ● A r t i c l e s w i t h I S N I i d e n t i f i e r s
● T h i s p a g e w a s l a s t e d i t e d o n 1 8 J u l y 2 0 2 4 , a t 1 4 : 4 3 ( U T C ) . ● T e x t i s a v a i l a b l e u n d e r t h e C r e a t i v e C o m m o n s A t t r i b u t i o n - S h a r e A l i k e L i c e n s e 4 . 0 ;
a d d i t i o n a l t e r m s m a y a p p l y . B y u s i n g t h i s s i t e , y o u a g r e e t o t h e T e r m s o f U s e a n d P r i v a c y P o l i c y . W i k i p e d i a ® i s a r e g i s t e r e d t r a d e m a r k o f t h e W i k i m e d i a F o u n d a t i o n , I n c . , a n o n - p r o f i t o r g a n i z a t i o n . ● P r i v a c y p o l i c y ● A b o u t W i k i p e d i a ● D i s c l a i m e r s ● C o n t a c t W i k i p e d i a ● C o d e o f C o n d u c t ● D e v e l o p e r s ● S t a t i s t i c s ● C o o k i e s t a t e m e n t ● M o b i l e v i e w
US$2.4 billion (2016)
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