Advance
Advance is a private, family-held company founded in 1922, with a diversified portfolio in media, entertainment, communications, technology, and education, employing over 17,000 people across 29 countries.
Company History
Advance was founded in 1922 by S.I. Newhouse. It has remained a private, family-held business through its history. Advance has expanded its presence across multiple sectors and continues to operate as a diversified portfolio company. The company headquarters are located at One World Trade Center, New York, NY 10007.
Subsidiaries and Holdings
Advance owns a diverse portfolio of subsidiaries including Condé Nast, Advance Local, Stage Entertainment, The IRONMAN Group, American City Business Journals, Leaders Group, Turnitin, and POP. Additionally, Advance is one of the largest shareholders in Charter Communications, Warner Bros. Discovery, and Reddit. This extensive range of holdings highlights Advance's strategic investments across various industries.
Acquisition of The IRONMAN Group
Advance completed the acquisition of The IRONMAN Group from Wanda Sports Group. This acquisition represents Advance's strategic move to enhance its portfolio in the sports and entertainment sector. The IRONMAN Group is known for organizing global endurance events, which complements Advance's broad expansion into diverse growth sectors.
Global Presence and Workforce
Advance employs more than 17,000 people across 29 countries. This global workforce underscores the company's extensive operations and influence in multiple regions. With a commitment to diverse growth, Advance's international presence ensures its dynamic participation in media, entertainment, communication, technology, and education sectors.
Core Business Sectors
Advance operates in a diversified range of sectors including media, entertainment, communications, technology, and education. This diversified approach allows Advance to leverage opportunities across multiple industries, driving growth and innovation. The company’s broad sector involvement is central to its strategic business model.