The owner of the Condé Nast magazine empire and metropolitan newspapers, is on a $10 billion global shopping spree
Advance Publications Inc., owner of the Condé Nast magazine empire and metropolitan newspapers, is on a $10 billion global shopping spree intended to diversify the company away from its traditional media holdings and reduce its reliance on advertising revenue.
The Newhouse family-owned company has already spent roughly $3 billion on various ventures as part of that effort, acquiring a group of European theaters, a maker of plagiarism-detection software, a majority stake in an esports analytics firm and a stake in a rocket...
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