S.I. Newhouse’s first job was with Judge Hyman Lazarus, a New York City magistrate who operated a law firm in 1910.
Newhouse rose through the ranks in the company and in 1922 went into business with Lazarus when they bought a 51% share in the The Staten Island Advance. This newspaper proved to be the founding of an empire.
In the 1930’s Newhouse acquired six more newspapers. In the 1940’s he acquired several more and earned a reputation for his talent of picking up and turning around small undistinguished newspapers.
In the 1950’s he established a reputation as a major competitor in newspaper publishing with the purchase of several prominent newspapers with hefty price tags, such as the Portland Oregonian for $5.6 million. In 1959 he purchased Conde Nast Publications, publisher of Vogue, Glamour, Young Brides, and House & Garden.
Today Advance Publications continues to be a family business. The company has a portfolio of about 25 newspapers, 40 weekly titles, and magazines including The New Yorker, Vanity Fair, GQ, Architectural Digest, and Wired, among others.
Advance Publications is #49 on the Forbes list of America’s Largest Private Companies, has 27,500 employees, and had $6.55 billion in revenue in 2011.