Owned and run by the Newhouse family, Advance Publications Inc. is a multibillion-dollar international media empire that publishes local newspapers, magazines, books, local business journals, and has stakes in cable TV, including the sixth-largest cable TV system in the U.S. and a minority holding in the cable network Discovery Communications. Named for its first newspaper, The Staten Island Advance, Advance Publications is the largest privately held media company in the U.S. Its Conde Nast division is the nation's leading national magazine publisher, with prestigious titles including Vogue and GQ. The company is lately suffering from the continued shift of advertising dollars from print to online media. Advance Publications Inc. also owns online social media company Reddit (Reddit revenues are derived from online advertising).
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