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Staten Island Advance

From Wikipedia, the free encyclopedia
Newspaper in Staten Island, New York
Parts of this article (those related to circulation) need to beupdated. Please help update this article to reflect recent events or newly available information.(April 2022)

Staten Island Advance
TypeDaily newspaper
FormatBroadsheet
OwnerAdvance Publications
Founder(s)John J. Crawford
James C. Kennedy
PublisherCaroline D. Harrison
EditorBrian J. Laline
Founded1886
Headquarters1441 South Avenue
Staten Island,New York City,New York, 10314, U.S.
Circulation29,893 Daily (as of 2017)[1]
OCLC number233144961
Websitesilive.com

TheStaten Island Advance is a daily newspaper published inStaten Island, one of the five boroughs ofNew York City. It is the only daily newspaper published in Staten Island and the only major daily newspaper focused on covering it exclusively.Staten Island Advance covers news of local and community interest, including Staten Island politics.Staten Island Advance is the namesake and nominal flagship publication ofAdvance Publications.

As of April 25, 2007, the newspaper's weekday circulation was down 3.9% from 2006, to 59,461, and its Sunday circulation dropped 4.6% from 2006, to 73,203.[2]

History

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19th century

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TheAdvance was founded in 1886 by printer John J. Crawford and businessman James C. Kennedy and initially known as theRichmond County Advance. The name was later changed to theDaily Advance and then to its current name. WhenThe Advance was founded in 1886, there were nine competing daily newspapers inStaten Island. The circulation of TheAdvance quickly surpassed these early competitors, growing from 4,500 in 1910 to over 80,000 by the mid-1990s.[citation needed]

20th century

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In 1908,Samuel Irving Newhouse Sr. began working as an office assistant to Hyman Lazarus, an attorney, owner of theBayonne Times, and a leader ofNew Jersey'sDemocratic Party machine. By 1916, when Newhouse was 21, Lazarus rewarded him with a salary of around $30,000 per year, and 25 percent ownership of theBayonne Times, for loyal service.

In 1922, Newhouse and Lazarus purchased theStaten Island Advance in one of the first in a series of newspapers Lazarus acquired. When Lazarus died in 1924, Newhouse bought his family's share ofStaten Island Advance stock.

Throughout the 1920s, the Newhouse family loaned money to Henry Garfinkle, which enabled him to open newsstands that increased sales of the newspaper at St. George Ferry Terminal on Staten Island, and later opened newsstands throughoutManhattan and atLaGuardia Airport inQueens,Newark Airport inNewark, New Jersey, andPort Authority Bus Terminal; the newsstand at Port Authority was, at the time, the world's largest and most lucrative newsstand.

Even during theGreat Depression in the 1930s, the Newhouse family had enough money to buy theLong Island Press inJamaica, Queens and several of its competitors, including theLong Island Star,North Shore Journal,Nassau Journal,Newark Ledger, theNewark Star, and newspapers inSyracuse, New York. Throughout the 1930s, the Newhouse family paid its non-unionized newsroom employees at theLong Island Press a third less than the unionized employees atThe New York Times andNew York Daily News. Newhouse, in turn, paid himself a salary greater than the total of all the salaries paid to the 65Staten Island Advance newsroom employees combined.

Throughout the 1940s, the Newhouse family continued aggressively acquiring purchasing newspapers in Syracuse,Jersey City, New Jersey, andHarrisburg, Pennsylvania. In the 1950s, they acquired newspapers inSt. Louis,Oregon, andAlabama. The Newhouse family's wealth approached $200 million in the late 1950s, enabling it to purchaseVogue and otherConde Nast magazines. Author Richard Meeker describes the mounting suspicions about the Newhouse family's source of wealth inNewspaperman: S.I. Newhouse and the Business Of News:

Newspaper analysts were so suspicious of the source of Newhouse's funds that they discussed openly the possibility that he was laundering money...Some went so far as to suggest that his newspaper operations had been used as a front for the notorious Reinfeld mob, a group of booze-peddling hoodlums whose boss had made millions during prohibition.

One way the Newhouse family was able to accumulate so much money so rapidly was by hiring accountants and lawyers who figured out unique ways for the Newhouse dynasty to avoid paying taxes. AsNewspaperman reported:

"They played every tax game there was", recalled one man who once served as publisher for several Newhouse newspapers. That meant that every cost that could conceivably be written off as a business deduction was, that assets were depreciated as rapidly as possible, and that new acquisitions were "written up" as high as the law allowed ... Where Newhouse developed a special advantage was in the way he avoided paying taxes for the profits that remained to him after the payment of corporate taxes ...
Thanks to an ingenious device created by his accountant, Louis Glickman, and implemented by his attorney, Charles Goldman, Newhouse was able to avoid paying taxes on accumulated earnings and, thus, to multiply the value of his earnings several times. Doing so involved the creation of a special corporate structure for the various newspapers ... Because the Goldman–Glickman construct kept the various enterprises separate—for tax purposes at least—each could claim the right to its own surplus. Taken together, the accumulation that resulted was many times what theIRS would have allowed had Newhouse simply treated all of his operations as a single corporation.

Meeker characterized the Samuel I. Newhouse Foundation as "a charity hisSamuel Irving Newhouse Sr.'s lawyers had created as an additional tax dodge", and charged that Newhouse Foundation funds were used by the Newhouse family to finance its $18 million purchase of Alabama'sBirmingham News in 1955.

After Newhouse died in 1979, his two sons,Samuel Irving Newhouse Jr. and Donald Newhouse, were accused of tax evasion by theIRS in 1983.[3] While the IRS dropped tax fraud charges against them in the 1980s, it increased the Newhouse family tax delinquency bill to $1.2 billion, asserting that the Newhouse estate was actually worth $2.2 billion, not $1.2 billion when Samuel Newhouse Sr. died in 1979, according to the March 13, 1989, issue ofThe Nation.

One year after Newhouse's death in 1979, the Advance Group purchasedRandom House, and then sold it toBertelsmann eleven years later, in 1998.

The originalStaten Island Advance office was located on Castleton Avenue in theWest Brighton neighborhood ofStaten Island. In 1960, the paper moved to its current office on West Fingerboard Road in theGrasmere neighborhood of Staten Island.[4] For many years, theAdvance was listed as the nominal headquarters for the Newhouse chain; it did not have a formal headquarters until moving toOne World Trade Center in the 2020s.

See also

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References

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  1. ^"Newspapers by County".New York Press Association. 2017. Archived fromthe original on November 21, 2017. RetrievedJune 25, 2023.
  2. ^Saba, Jennifer (April 25, 2007)."FAS-FAX Preview: Circ Numbers to Take Another Big Hit".Editor & Publisher.
  3. ^Ungeheuer, Frederick; Greenwald, John; Beck, David (October 24, 1983)."Auditing the Grand Inquisitor".Time. Archived fromthe original on November 6, 2012. RetrievedJanuary 16, 2011.
  4. ^Flamm, Matthew (November 21, 2010)."Advance Publications at crossroads".Crain's New York. RetrievedSeptember 24, 2012.

External links

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Media related toStaten Island Advance at Wikimedia Commons

Newspapers
(Advance Digital)
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