Advance Publications
 |
|
| Private | |
| Industry | Mass media |
| Founded | 1922 |
| Founder | Samuel Irving Newhouse Sr. |
| Headquarters | Staten Island, New York City, United States |
|
Area served
|
Worldwide |
|
Key people
|
Samuel Irving Newhouse Jr. (Chairman) Thomas Summer (CFO) Donald Newhouse (President) |
| Products | Newspapers, News & Information Websites, Magazines, Television |
| Revenue |
 US$ 8 billion (2014) |
|
Number of employees
|
25,000 |
| 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 does not have an official headquarters.
As of October 2014, it was ranked as the 44th largest private 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 Communications. Advance also owns a 13% stake in Charter Communications, which it received when Bright House Networks merged with Charter.
The Advance Local media group, established in 2010, operates 12 local news and information websites and more than 30 newspapers. The Advance Local group includes Advance Digital, a "central source of sales and content strategy, product development and technology." Another unit, Advance Central Services, supports the Advance Local publications, with responsibility for vendor management, finance and accounting, human resources, technology, production and facilities, and circulation. Headline Studio, established in 2015, is an in-house content marketing agency.
In 2009, Advance Publications launched a multi-year reorganization of its newspapers and their affiliate websites, beginning with its Michigan properties. Advance in most cases created regional "media groups" to oversee the websites and print publications, along with affiliate "central services" companies to print and deliver the newspapers and provide support services.
As each property reorganized, the new companies took a "digital-first" approach to publication; in most cases, the moves have been accompanied by layoffs. Staff-produced content is published first to a website; content is then harvested from the website for publication in the printed newspapers. Days of newspaper home delivery were reduced to three or four, except at the New Jersey papers and the Staten Island Advance.
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Wikipedia