Who owns advance publications

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Password Forgot? Advance also owns large stakes in Discovery Inc. Days later, The Advocate laid off the entire Times-Picayune staff — all staffers. The Advocate says it plans to hire some of them back. Earlier this year, Steven Newhouse was given the title of co-president of Advance Publications, sharing the position with his year-old father, Donald Newhouse, brother of the late magazine titan, Si Newhouse. What next. Grow up American Media.

Starting a steady rise in the firm, Newhouse became the accountant, real estate manager, and general troubleshooter for Lazarus. The judge had acquired 51 percent of the Bayonne Times in payment of a debt. It seemed at first to be a losing proposition, but Lazarus hoped to stem the losses until he could sell the newspaper, which he had moved into the same building as the law firm.

To that end Lazarus gave Newhouse responsibility for the business aspect of the Times. Newhouse concentrated on increasing both advertising revenues and subscriptions, and the paper showed a profit within a year.

This same year he finished his study of law at New Jersey College and passed the bar examination in New Jersey. After losing his first and only trial, a debt-collection case, Newhouse paid his client the disputed amount out of his own pocket and retired from trial law. When the United States entered World War I in , Newhouse, as the sole source of support of his family, was exempt from conscription and concentrated on building up the Bayonne Times, which enjoyed increased circulation as people sought to learn the latest war news.

Newhouse devoted much of his free time to learning about the newspaper business, which impressed him as a feasible way to make his fortune. His model was William Randolph Hearst.

Despite Newhouse's lofty ambitions, his first step in this direction was less than successful. Newhouse took pains to make the new paper a going concern, but faced with antagonism directed toward him as both an outsider and a Jew, he decided within a year to sell the property to Frank L. Hoyt, publisher of the competing Fitchburg Sentinel.

Persuading Hoyt of the benefits inherent in owning a newspaper monopoly, Newhouse was able to turn a profit on even this first, relatively unsuccessful newspaper deal. In the circulation of the Advance rose 50 percent, and the number of pages had doubled with additional advertising. In November of that year the Advance 's masthead listed S. Newhouse as publisher. The Staten Island Advance proved to be the foundation of the publishing empire Newhouse established in the s.

In Newhouse, along with St. Newhouse owned 60 percent of the new company, and his two partners split the rest. Although the business consisted of just one newspaper at the time, its stated purpose was "to engage in, conduct, manage, and transact the business of publishing, selling, binding, and distribution of books, journals, magazines, newspapers, periodicals, and all other kinds of publications" and to collect and distribute "news and press reports and dispatches and information of every sort and kind by any and all means.

Staten Island proved to be a good place to own a newspaper in the s, a decade of intense land speculation and business activity. The Newhouses had two sons, Samuel I. Si Newhouse, Jr. Newhouse in Despite the challenge to the Advance by the Staten Islander and a politically motivated libel suit, Newhouse was able not only to prosper during good times but to survive the stock market crash of and the Great Depression.

Staten Island Advance Corporation did not lay off or cut the pay of any employees. When Newhouse learned in that Victor, Bernard, and Joseph Ridder were willing to sell their 51 percent of shares in the Long Island Press, his cash-rich position made it easy to acquire that newspaper.

Newhouse's younger brother Norman became the managing editor of the Advance, and Hochstein was made the managing editor of the Press. This purchase was to bring Newhouse into conflict with the newly organized American Newspaper Guild, when, in , the Press became the first newspaper in U.

The issue for Newhouse was control. Later Newhouse--quoted by the November 27, , issue of Barron's --would say, "I refuse to stand by passively and allow any union to 'bust' me.

Despite these labor problems, Newhouse was able to acquire six newspapers during the s. The first of these acquisitions, in , was a 51 percent share in the Newark Ledger of Newark, New Jersey.

For this newspaper Newhouse used the recently developed technique of market survey to help shape the newspaper to a new, affluent suburban readership. Newhouse repeated this merger strategy when he bought the Newark Star-Eagle and merged it with the Newark Ledger to form the Newark Star-Ledger in To help offset the cost, Journal employees were fired immediately.

Operating out of a car with a telephone, Newhouse, with the help of the trains, managed to visit most of the newspapers he owned on an almost weekly basis, making informal notes as he visited the operations and maintaining a wealth of information in his head.

It was also during the s that Newhouse was labeled a "literary chiffonier " French for ragpicker by critic A. Liebling of The New Yorker, reflecting Newhouse's reputation for picking up and turning around small, undistinguished newspapers that were in financial difficulty or plagued by family squabbles. Indeed, the Jersey Journal was one such transaction involving a dispute between Walter Dear and his nephew, Albert Dear.

In this case Newhouse, after buying almost half the paper from Walter Dear in , was able to acquire only after lengthy litigation the remaining shares from Albert Dear in The Oregonian was a prestige newspaper, considered one of the best in the northwestern United States. Advance Publications Inc. Who owns Advance Publications Inc.? What else does it have a stake in? This page does not belong to or represent Advance Publications Inc. Media owners homepage.