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Newhouse family

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Newhouse family

Family that built a large publishing empire in the U.S. in the late 20th century. The family's fortunes began with Samuel Irving Newhouse (1895–1979), who, as a clerk at age 17, made a failing newspaper in Bayonne, N.J., profitable. From the early 1920s he bought and turned around other papers; at his death his company, Advance Publications Inc., owned 31 newspapers, 7 magazines, 5 radio stations, 6 television stations, and 15 cable television systems. Led by his sons Samuel I. Newhouse, Jr. (b. 1928), and Donald E. Newhouse (b. 1930), Advance Publications greatly expanded, buying several book publishers, including Random House (sold to Bertelsmann AG in 1998), and becoming one of the largest U.S. magazine publishers with titles such as The New Yorker, Vanity Fair, Vogue, Glamour, Bride's, and Gourmet.



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of New York City, which is owned by the Newhouse family, decided that rather than attempting a transition to an on-line only operation, it would shut down the paper and launch a new business, AnnArbor.
The divisions that were shut down, Bantam Dell and Doubleday, together add up to the entity once known colloquially as "BDD," which represented the full extent of Bertelsmann AG's presence in American trade publishing prior to their 1998 acquisition of Random House, Inc from the Newhouse family.
Fading into obscurity is the fact that the Globe actually had a larger weekday circulation than the Post and was building the lead when the Newhouse family decided to close the paper and enter a controversial monopoly profit-sharing arrangement with the Pulitzers.
 
 
 
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