Advance Publications purchasedStreet & Smith Publications, Inc. in August 1959.[1][2] The Street & Smith trademark was resurrected in 2017, by Advance Publications' subsidiaryAmerican City Business Journals, for a series of sports annuals, and transferred later to a newly formed Leaders Group subsidiary of Advance Publications, creating a standalone sports focused division within Advance.
reddit.com:[9] "Reddit used to be owned by Condé Nast, but in 2011 it was moved out from under Condé Nast to Advance Publications, which is Condé Nast's parent company. Then in 2012, Reddit was spun out into a re-incorporated independent entity with its own board and control of its own finances, hiring a new CEO and bringing back co-founder Alexis Ohanian to serve on the board. Reddit has 3 sets of shareholders: The largest shareholder is still Advance Publications. The second-largest set of shareholders are Reddit employees. In the spin-out that occurred in early 2012, Advance voluntarily reduced its sole ownership to that of a partial owner in order to put ownership in the hands of current and future employees. The third and smallest fraction consists of a set of angel investors."[10]
RCA purchasedRandom House in 1965 and later sold it to Advance Publications in 1980.[12] Advance sold Random House to German media conglomerateBertelsmann in 1998.[13]
Newhouse News Service, bearing the name of Advance Publications founderSamuel Irving Newhouse Sr., was founded in 1961 and closed in late 2008, as a cost-cutting measure due to the2008 financial crisis; based in Washington, D.C., its staff served as a national news bureau to all publications in the Advance portfolio[14]
Religion News Service (sold 2011 to the Religion Newswriters Foundation, a non-profit affiliate of the Religion Newswriters Association)[15]
^"Advertising: Street Smith Deal?S. I. Newhouse, the newspaper publisher who recently moved into the magazine field, is reportedly negotiating to purchase Street Smith Publications, Inc."The New York Times (August 12, 1959).
^"Advertising: Street & Smith to Newhouse,"The New York Times (August 26, 1959).
