Donald Newhouse is an American businessman and philanthropist. He is the co-owner of Advance Publications, which includes Conde Nast, Reddit, The Root, and other media properties. As of 2020, Forbes estimates his net worth at $15.4 billion.
Newhouse was born in 1927 to a wealthy family in Newark, New Jersey. His father, Samuel Irving Newhouse Sr., founded Advance Publications in 1922. The company initially published trade magazines for the newspaper industry before expanding into consumer titles such as Vogue and Glamour.
Donald Newhouse attended private schools growing up and graduated from Syracuse University in 1949 with a degree in journalism. After college, he joined his father’s business and helped run Advance Publications for several decades. In 1975, he became president of the company while his brother S.I. Newhouse Jr. took over as chairman.
Under their leadership, Advance grew to become one of the largest privately-held media companies in the world with over 100 titles across print and digital platforms including The New Yorker, Wired, and Vanity Fair among others . In recent years, Donald Newhouse has stepped back from day-to-day operations at Advance but remains involved as Chairman Emeritus . He also serves on the boards of several charitable organizations including The Metropolitan Museum of Art , Lincoln Center , and NYU Langone Health .
Throughout his career , Newhouse has been active in politics and supported various Democratic Party candidates including Bill Clinton , Hillary Clinton , Barack Obama ,and Andrew Cuomo . In 2012 , he was awarded the Presidential Medal of Freedom by President Obama .
What Do the Newhouse Family Own?
The Newhouse family owns a large media conglomerate that includes some of the most popular and well-known publications in the world. These include, but are not limited to, The New Yorker, Vogue, Vanity Fair, and W magazine. In addition to these print titles, the Newhouse family also owns Condé Nast Publications, which is one of the largest publishers of magazines in the United States.
Who Owns Advance Newhouse?
The Advance/Newhouse Partnership is a privately held company that owns a number of media businesses, including Condé Nast, Discovery Communications, Charter Communications, and Bright House Networks. The partnership is Controlled by the Newhouse family, with S.I. Newhouse Jr. serving as Chairman and Steve Newhouse as President. The Advance/Newhouse Partnership was formed in 1989 when Samuel I. Newhouse Jr., chairman of Advance Publications, Inc., and his cousin S.I. Newhouse III combined their inherited interests in the media business into a new partnership structure.
At the time, Advance Publications owned newspapers, magazines, and broadcasting properties; the new partnership also included Condé Nast Publications (publishers of Vogue, The New Yorker, Vanity Fair), Random House (the world’s largest trade book publisher), and cable television systems operator American Cable Systems. In 1995, the partnership acquired a controlling interest in Discovery Communications (now home to such channels as Animal Planet, TLC and Investigation Discovery) from John Hendricks; two years later it added Showtime Networks to its portfolio via its investment in Viacom. In 2000, Charter Communications was created when Paul Allen’s Vulcan Ventures Inc.
—then one of the nation’s largest cable system operators—merged with Charter Co., which served more than 1 million subscribers in 21 states; at the same time Comcast Corporation exchanged some 4 million subscribers for a 25 percent stake in Time Warner Entertainment Company LLLP (which later became part of AOL Time Warner). In 2012-2013 Liberty Media spun off assets including Starz Entertainment LLC—in which Advance/Newhouse had been majority owner since 2009—to stockholders; as a result Starz became an independent publicly traded company on NASDAQ with A&E Television Networks holding a minority interest..
Donald Newhouse Political Affiliation
Donald Newhouse is an American businessman and the president of Advance Publications. He is also the owner of several newspapers, including The Star-Ledger, one of the largest newspapers in New Jersey. Newhouse was born into a wealthy family and attended private schools.
He graduated from Harvard University in 1954. After college, he went to work for his father’s company, Advance Publications. He eventually took over as president of the company.
Under Newhouse’s leadership, Advance Publications has been a major force in the newspaper industry. The company owns several large papers, including The Washington Post and The New York Times. In addition to newspapers, Advance Publications also owns magazines, such as Vogue and Vanity Fair.
Newhouse is a Democrat who has donated money to various Democratic causes and candidates over the years. In 2012, he gave $2 million to a super PAC that supported President Obama’s reelection bid.