Advance Publications
Company type | Private |
---|---|
Industry | Mass media |
Founded | 1922 |
Founder | Samuel Irving Newhouse Sr. |
Headquarters | Staten Island, New York City , U.S. |
Area served | Worldwide |
Key people | (none) (Chairman) Thomas Summer (CFO) Donald Newhouse (President) |
Products | Newspapers, News & Information Websites, Magazines, Television |
Revenue | US$ 2.4 billion (2016)[1] |
Number of employees | 12,000 |
Subsidiaries | Advance Local American City Business Journals Condé Nast |
Website | www |
Advance Publications Inc. is an American media company owned by the descendants of S.I. Newhouse Sr., Donald Newhouse and 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 neighborhood, though Advance has never had an official headquarters.[2]
As of October 2014, it was ranked as the 44th largest privately held company in the United States according to Forbes.[3] 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 Communications.[4] Advance also owns a 13% stake in Charter Communications, which it received when Bright House Networks merged with Charter.[5][6]
References
- ^ "Advance Publications," Forbes.com. Accessed February 26, 2015.
- ^ Flamm, Matthew (November 21, 2010). "Advance Publications at crossroads". Crain's New York. Retrieved September 24, 2012.
- ^ "America's Largest Private Companies," Forbes.com. Accessed February 26, 2015.
- ^ Flamm, Matthew (December 13, 2010). "Advance Publications waving around $500M". CransNewYork.com. Retrieved 22 June 2012.
- ^ "Newhouse Broadcasting reports 13 pct stake in Charter Communications". Reuters. Retrieved 25 June 2016.
- ^ "Charter Communications Agrees to Acquire Time Warner Cable". The New York Times. Retrieved 26 May 2015.
Bibliography
- Newhouse, Thomas Maier, St. Martin's Press, 1994.
External links
- Advance Publications
- American business newspapers
- 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 Communications
- 1922 establishments in the United States