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Advance Publications Inc.

Private Company Ticker Symbol™: (ADVPUBP)

Business Summary

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).

Jump to Advance Publications Inc.: Detailed Business Description for more details on Advance Publications Inc. products and services, financial structure, Advance Publications Inc. major business events, and more.

Recent News, Updates, and Analysis

Overview & Corporate Organization

Basic Information

Year Founded:1922
Fiscal Year End:12/31
1YR Revenue Growth Rate:View %
3YR Revenue Growth Rate (CAGR):View %
1YR Employee Growth Rate:View %
3YR Employee Growth Rate (CAGR):View %
City:Staten Island
State/Province:New York
Country:United States
Phone:View
Fax:View
Website:www.advance.net

Corporate Organization

Affiliate Companies:
Discovery Communications
Subsidiaries:
American City Business Journals
Conde Nast
Fairchild Fashion Group
Fairchild Publications
Newhouse Publications
NOLA Media Group
Brands:
Architectural Digest
Brides Magazine
Conde Nast
Glamour Magazine
GQ
Reddit
The New Yorker
The Times-Picayune
Vanity Fair
Vogue
W Magazine
Wired Magazine
Women's Wear Daily (WWD)
American City Business Journals
Founders:
Samuel Irving Newhouse, Sr.

Industry Information

Industry Codes

PICS™:1100102™, 1100407™, 1100409
NAICS:View
SIC:View

PrivCo Industries (Sector > Industry > Sub-Industry)

Media > Broadcasting > Cable, Satellite Delivery
Media > Publishing > Magazines & Periodicals
Media > Publishing > Newspapers

The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.

Competitors & Comparables

Competitors

Hearst
Meredith
Time Warner Inc.

Charts, Financials, and Statistics (Table Format)

Below are Advance Publications Inc. financials and other business metrics displayed in table format.
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Income Statement20122011201020092008200720062005200420032002
Revenues ViewViewViewViewViewView$6,279,372,000$5,890,000,000$5,565,000,000$5,565,000,000
Employee Figures20122011201020092008200720062005200420032002
Total EmployeesViewViewViewViewViewViewView31,08029,20027,58527,585
Productivity (Revenue/Employee) ViewViewViewViewViewView$202,039$201,712$201,740$201,740
Conde Nast20122011201020092008200720062005200420032002
Conde Nast Revenue ViewViewViewView      
Conde Nast Employees ViewView        
Total Ad Pages ViewViewView       
Total Circulation  ViewView       
Notes
Financial Notes:
*Advance Publications Inc. fiscal year end: 12/31
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Charts, Financials, and Statistics (Graphs)

Below are Advance Publications Inc. financials and other business metrics displayed in table format.
(Copy and paste into spreadsheet or export all Advance Publications Inc. financials to Excel and create your own graphs.)
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Advance Publications Inc. Revenues ($ MM):
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Advance Publications Inc. Total Employees:
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Advance Publications Inc. Productivity (Revenue/Employee) ($):
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Advance Publications Inc. Conde Nast Revenue ($ MM):
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Advance Publications Inc. Conde Nast Employees:
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Advance Publications Inc. Total Ad Pages:
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Advance Publications Inc. Total Circulation (Millions):
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Mergers & Acquisitions

PrivCo's M&A Activity table for Advance Publications Inc. displays the mergers and acquisitions involving Advance Publications Inc., for example if Advance Publications Inc. acquired or was acquired by another entity, any leveraged buyout (LBO), etc.
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DateStatusTargetBuyerDeal TypePrice
Details1987CompletedSignature MagazineAdvance Publications Inc.AcquisitionUnspecified
DetailsNov. 1988CompletedWagadonAdvance Publications Inc.AcquisitionUnspecified
DetailsJan. 1994CompletedWired MagazineAdvance Publications Inc.Acquisition
Minority Stake Purchase
Unspecified
Details1998CompletedRandom HouseBertelsmann Digital Media Investments (BDMI)Acquisition
Spin-Off
Unspecified
DetailsJan. 1998CompletedWomen's Sports & Fitness MagazineAdvance Publications Inc.AcquisitionUnspecified
DetailsJun. 1998CompletedWired Magazine1Advance Publications Inc.Acquisition of Remaining Interest
Acquisition
$90,000,000
DetailsJan. 1999CompletedAdvance DirectHolden Business Forms Company, Inc.Asset SaleUnspecified
DetailsDec. 1999CompletedFairchild PublicationsAdvance Publications Inc.Acquisition$650,000,000
DetailsApr. 2000CompletedFreeSamples.comAdvance Publications Inc.AcquisitionUnspecified
DetailsMay. 2000CompletedP.O.V. Magazine AssetsAdvance Publications Inc.Acquisition
Asset Sale
Unspecified
DetailsMay. 2000CompletedHomePortfolio, Inc.Advance Publications Inc.Acquisition$48,000,000
DetailsJul. 2000CompletedUrban ExpositionsUrban Expositions and DevelopmentAsset SaleUnspecified
Details2001CompletedGolf DigestAdvance Publications Inc.AcquisitionUnspecified
DetailsJan. 2001CompletedIdeas Publishing GroupAdvance Publications Inc.AcquisitionUnspecified
DetailsFeb. 2002CompletedModern Bride GroupAdvance Publications Inc.Acquisition$52,000,000
DetailsJul. 2002CompletedSource Interlink Companies Sales DataAdvance Publications Inc.Acquisition
Asset Sale
Unspecified
Details2003CompletedIdeas Publishing Group2Advance Publications Inc.Acquisition of Remaining Interest
Acquisition
Majority Acquisition
Unspecified
DetailsOct. 2004CompletedYM Magazine GroupAdvance Publications Inc.AcquisitionUnspecified
DetailsJan. 2006CompletedViewViewAcquisitionView
DetailsJul. 2006CompletedViewViewAcquisitionView
DetailsOct. 2006CompletedViewViewAcquisitionView
DetailsOct. 2006CompletedViewViewAcquisitionView
DetailsNov. 2006CompletedViewViewAsset SaleView
DetailsNov. 2006CompletedViewViewAsset SaleView
DetailsNov. 2006CompletedViewViewAsset SaleView
DetailsOct. 2007CompletedViewViewAcquisitionView
DetailsApr. 2008CompletedViewViewAcquisitionView
DetailsApr. 2008CompletedViewViewAcquisitionView
DetailsJun. 2009CompletedViewViewAcquisitionView
DetailsAug. 2011CompletedView3ViewAcq-Hire
Acquisition
View
DetailsApr. 2012CompletedView4ViewAcquisitionView
DetailsJul. 2012CompletedViewViewAcquisitionView
DetailsSep. 2012CompletedViewViewAcquisitionView
DetailsNov. 2012CompletedView5ViewAcquisitionView
DetailsJan. 2013CompletedView6ViewAcquisitionView
Notes
1In this deal, Advance Publications bought the 75% of Wired Magazine it didn't already own. - Details →
2In this deal, Advance Publications acquired the majority share of Ideas Publishing Group it did not already own. - Details →
3The acquisition by Advance...Read More →
4Ziplist was acquired...Read More →
5Streetwise Media was acquired...Read More →
6POP will operate...Read More →
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Detailed Business Description: Advance Publications Inc.

PrivCo's Detailed Business Description explains the business operations, products and services, financial structure, and major business milestones of Advance Publications Inc. The first portion of PrivCo's Detailed Business Description is displayed below, free to view to non-subscribers.
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Advance Publications: Early History: New York Beginnings

Solomon Neuhaus (he later changed his name to Samuel I. Newhouse) was born in 1895 in New York City as the son of Jewish immigrants from Eastern Europe. While a teenager, Newhouse delivered newspapers across the Hudson River for extra money and also worked for Hyman Lazarus, a judge and lawyer. Newhouse rose quickly at the law firm, eventually becoming the office?s general manager. Around 1915, the judge reluctantly acquired a majority stake in the local New Jersey newspaper Bayonne Times as payment of a debt and assigned young Newhouse the job of running the newspaper.

During World War I, Newhouse focused on expanding the Bayonne Times¸ which became a profitable enterprise. Newhouse was increasingly smitten by the newspaper business. Soon, Newhouse borrowed money and, with Lazarus, bought The Fitchburg Daily News Company of Fitchburg, Massachusetts, for $15,000. However, for reasons including the company's distance from New… Continue Reading →

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Supplemental Resources

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