Condé Nast’s Owners Set to Reap a $1.4 Billion Windfall From Reddit
Source: New York Times
The internet has not been kind to Condé Nast, the publisher of starry magazines, like Vogue and Vanity Fair, whose fortunes and influence have waned in the digital age.But while the web taketh, it occasionally giveth, too.The Newhouse family, the media dynasty that controls Condé Nast through its holding company, Advance Publications, is set to reap a windfall of roughly $1.4 billion on Thursday when the social…
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