Publishing Billionaire And Condé Nast’s Longtime Chairman Si Newhouse Dies At Age 89 – Forbes

Condé Nast

Billionaire media mogul and chairman emeritus of Condé Nast Samuel “Si” Newhouse, Jr. (Photo credit: Condé Nast)

Billionaire media mogul and chairman emeritus of Condé Nast Samuel “Si” Newhouse, Jr. died early Sunday morning at age 89 after a long illness, a spokesperson for Condé Nast confirmed. In May 2016, Si’s brother Donald, with whom Si shared his media fortune, had said in a statement that his brother was suffering from dementia.

Si and his brother Donald were born into one of the country’s most powerful publishing families. Upon their father Sam’s death in 1979, they inherited Advance Publications, which was founded by Sam in 1922, and grew it into a publishing giant that now owns Condé Nast Publications —publisher of Vogue, The New Yorker, and Vanity Fair— and newspapers in over 25 U.S. cities. In 2015, the brothers sold their telecom company Bright House Networks to John Malone’s Charter Communications for $11.4 billion in cash and stock. With Donald, Si also had a stake in the social news site Reddit and shared a controlling stake in Discovery Communications.

Many immediately honored Si’s legacy early Sunday morning. In a joint statement issued by Donald, Si’s cousin and chairman of Conde Nast International Jonathan, and Si’s nephew Steve Newhouse —the chairman of Advance.net, the parent company of Conde Nast, the trio reflected on Si’s life. “Si was always the first person to come to the office, arriving well before dawn and bringing to each day a visionary creative spirit coupled with no-nonsense business acumen,” they said in a statement: “Si’s favorite words, which he used as the highest praise, was “extraordinary.” It is a word which describes what he achieved and who he was.”

“When Si’s father, Samuel Newhouse, bought the company, in 1959, Condé Nast was, for the most part, Vogue,” Condé Nast CEO Bob Sauerberg said in a statement: “Si and his brother Donald worked in tandem to build a modern media business—its holdings are in magazines, newspapers, and cable television—but Condé Nast was always Si’s focus and obsession. He was responsible for its vision, its international expansion, and its modernity.”

The New Yorker Editor-in-Chief David Remnick also talked about Si’s vision and his media empire. “Si Newhouse wasn’t incidentally in the magazine business,” he said in a statement. “He loved magazines, he loved everything about them â€”from the conception of new publications to the beauty and rigor of the latest issue— and that passion, that commitment to excellence, free expression, and imagination radiated in every direction.”

“With Si’s passing, the big chapters in the history of magazines —as written by men like Si and Henry Luce— will have come to an end,” said Graydon Carter, Editor-in-Chief, Vanity Fair. “Si’s vision, and the soft manner in which he executed it, will be long remembered in these hallways and on newsstands around the world.”

“Si Newhouse was the most extraordinary leader,” concurred Anna Wintour, Conde Nast Artistic Director and Editor-in-Chief, Vogue.

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