Advance Publications

Advance Publications, Inc. is a privately held American media company. It is owned by the families of Donald Newhouse and Samuel Irving Newhouse Jr., who are the sons of the company's founder, Samuel Irving Newhouse Sr. The company owns several important publishing-related businesses, including American City Business Journals, MLive Media Group, and Condé Nast.

Advance Publications also holds major shares in other big companies. It owns 13% of Charter Communications, 30% of Reddit, and about 4% of Warner Bros. Discovery. Because of its many successful businesses, Advance Publications plays a big role in shaping media and communications today.

History

Advance Publications is named after the Staten Island Advance, the first newspaper owned by the Newhouse family. Sam Newhouse bought a controlling interest in this newspaper in 1922.

In August 2018, Advance/Newhouse told Charter Communications about plans to set up a credit facility. In March 2020, the company bought The Ironman Group, which includes the Ironman Triathlons and the Absa Cape Epic mountain bike race, from the Wanda Sports Group.

Description

For most of its history, Advance Publications did not have an official main office. Many of its publications listed offices in the Grasmere area of Staten Island as their main place of work.

Advance ran a news service in Washington, D.C., called the Newhouse News Service. It started in 1961 and provided news to all of Advance's publications. The service closed in late 2008 because of money problems during the 2008 financial crisis.

As of November 2019, Advance was ranked as the 221st largest privately held company in the United States, according to Forbes.

Subsidiaries

Main article: List of Advance subsidiaries

As of August 2021, Advance Publications owns many important companies. These include Condé Nast, which publishes famous magazines such as Vogue, The New Yorker, and Wired. The company also owns The Ironman Group, Turnitin, Advance Local, American City Business Journals, Stage Entertainment, Leaders Group, and a digital agency in Seattle called Pop, Inc.

Advance Publications also has big shares in other companies. It owns about 4% of Warner Bros. Discovery and about 13% of Charter Communications. It also owns a large part of Reddit.