After graduating in 1908 from eighth grade in Bayonne, New Jersey, Newhouse briefly attended a business school in New York City. The publisher of Advance's Birmingham, Alabama, paper in 1962 was an unabashed racist, while Newhouse himself was staunchly liberal. Also in 1995 Advance purchased American City Business Journals for $269 million. Starting a steady rise in the firm, Newhouse became the accountant, real estate manager, and general troubleshooter for Lazarus. S.I. Newhouse still had one massive newspaper deal left in him, however. By selling its five television stations to the Times Mirror Company for $82 million, the Newhouses were also able to finance their expansion into cable television systems, becoming the eighth-largest cable operator in the United States in 1981. Newhouse owned all 1,000 shares of common stock, including the 10 shares of Class A stock that carried voting privileges. (Photo by Steve Mack/S.D. In 1947 Newhouse acquired the Patriot Company, publisher of the Patriot and the Evening News in Harrisburg, Pennsylvania. Newhouse would fulfill this stated purpose with the help of associates: Charles Goldman, the legal representative of the firm; Louis Glickman, the accountant, whose tax advice convinced Newhouse of the wisdom of reinvesting profits in newspaper acquisitions; and Louis Hochstein, whose editorial expertise was to guide many Newhouse concerns starting with the Advance. In 1949 Staten Island Advance Corporation became Advance Publications Inc., and in the 1950s Newhouse established a new reputation as a major competitor in newspaper publishing. 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. The IRS found the common stock more valuable than the preferred and demanded $1 billion. Family owned and operated, Advance Publications Inc. is a multibillion dollar international communications empire that publishes newspapers, magazines, books, and electronic media. This was in line with Newhouse's oft-stated policy of family control. New York, NY 10007 When Newhouse bought the St. Louis Globe-Democrat in 1955, paying $6.5 million, he added another jewel to his newspaper group (to use a term preferred by Newhouse). Select from premium Victoria Newhouse of the highest quality. Advance Publications, owner of The Star-Ledger and NJ.com, is studying making changes to its newspaper and online publications throughout New Jersey, the newspaper's publisher said today. In November of that year the Advance's masthead listed S.I. Advance Publications, the owner of Vogue and its parent company Condé Nast, has agreed to drop the lawsuit that it filed in a New York federal court in September 2018 against designer and activist Nareasha Willis in connection with her use of the trademark “Black Vogue.” In filing suit, the New York-based publishing giant accused Willis and her company Avenue N, LLC of running afoul of federal … Later Newhouse--quoted by the November 27, 1989, issue of Barron's--would say, "I refuse to stand by passively and allow any union to 'bust' me." In 1993 Condé Nast purchased Knapp Publications, whose periodicals included Architectural Digest and Bon Appetit. He merged the Times into the Jersey Journal, and within one year shut down the Evening News, which he had purchased for $20 million. With borrowed money from his family, along with his own savings, Newhouse went into partnership with Lazarus to buy The Fitchburg Daily News Company of Fitchburg, Massachusetts, for $15,000. In fact, because of Newhouse's attention to business operations rather than editorial stance, his papers took a wide range of positions. In the 1940s Newhouse acquired the remaining 49 percent of shares in Long Island Daily Press Publishing Company, purchased half of the Jersey City, New Jersey, Jersey Journal, and bought all three newspapers in Harrisburg, Pennsylvania. Advance continued its moderate pace of acquisition in the 1990s. Kendall Warner/The News & Advance Registered nurse Colleen Flynn prepares a COVID-19 vaccination to be administered at the Free Clinic of Central Virginia on Main Street in … In fact, Advance allowed its newspapers a notable amount of editorial latitude. Download this stock image: NEW YORK, NY - OCTOBER 12: Sen. Charles E. Schumer, Journalist Paula Zahn, Owner, Advance Publications Donald Newhouse, actress Cynthia Erivo and Editor-in-chief of Vogue Anna Wintour attend the 2017 AFTD Hope Rising Benefit at The Pierre Hotel on October 12, 2017 in New York City. The $15 million that Newhouse donated to Syracuse University for a school of communications indicated his new stature in publishing.   The IRONMAN Group and its portfolio of assets, which includes its flagship IRONMAN® and IRONMAN® 70.3® triathlons, the Rock 'n' Roll Marathon … He was the oldest of eight children born to recent immigrants from Eastern Europe. A privately held company owned by brothers Si and Donald Newhouse - which means little further information is available. The Newhouses had two sons, Samuel I. Newhouse owned 60 percent of the new company, and his two … When the S.I. Newhouse's papers varied as much in quality as in editorial standpoint. Advance Publications, owner of The Express-Times and other newspapers, will eliminate a no-layoff pledge next year. Meanwhile, Random House continued to be a good investment for Advance, enjoying a record year in 1996 with best-sellers from Oprah Winfrey, Michael Chrichton, Colin Powell, and Pope John Paul II. "We think pragmatically.". By 1922 Newhouse was ready for another acquisition and with Lazarus bought 51 percent of the stock of The Staten Island Advance for $98,000. Download this stock image: NEW YORK, NY - OCTOBER 12: Executive Director, AFTD Susan Dickinson, Owner, Advance Publications Donald Newhouse, Journalist Paula Zahn and Sen. Charles E. Schumer attend the 2017 AFTD Hope Rising Benefit at The Pierre Hotel on October 12, 2017 in New York City. ( d. 2017 ) and Donald Newhouse - which means little further is! 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