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Advance Publications, Inc. is an American media company owned by the descendants of S.I. Newhouse Sr., Donald Newhouse and Samuel Irving Newhouse Jr., S.I. Newhouse Jr. It is named after the ''Staten Island Advance'', the first newspaper owned by the Newhouse family, in which Sam Newhouse bought a controlling interest in 1922. The company is nominally headquartered in the ''Advance'' offices in Staten Island's Grasmere, Staten Island, Grasmere neighborhood, though Advance has never had an official headquarters. As of November 2019, it was ranked as the 221st largest privately held company in the United States, according to ''Forbes.'' ''Crain's'' ranked Advance Publications the 4th largest private company in the New York area in 2012. In addition to holding publishing and communication assets, Advance serves as the holding company for the family's 31% stake in cable entertainment company Discovery, Inc. Advance also owns a 13% stake in Charter Communications, which it received when Bright House Networks merged with Charter. In August 2018, Advance/Newhouse ("A/N") notified Charter Communications that it intends to establish a credit facility collateralized by a portion of Advance/Newhouse Common Units in Charter Communications 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. Directly and through various subsidiaries, the group owns Discovery Channel, Condé Nast, the popular digital news website Wired (magazine), Wired, Lycos, Angelfire, Tripod.com, Tripod, Turnitin, and is the majority shareholder in Reddit.


See also

* List of Advance subsidiaries


References


Further reading

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External links

* Advance Publications, 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 Privately held companies based in New York City Publishing companies established in 1922 Discovery, Inc. American companies established in 1922 Holding companies of the United States {{Publisher-stub