Publishing Billionaire And CondÃ© Nast’s Longtime Chairman Si Newhouse Dies At Age 89 – Forbes
Billionaire media mogul and chairman emeritus of CondÃƒÂ© Nast Samuel Ã¢Â€ÂœSiÃ¢Â€Â Newhouse, Jr. died early Sunday morning at age 89 after a long illness, a spokesperson for CondÃƒÂ© Nast confirmed. In May 2016, SiÃ¢Â€Â™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 countryÃ¢Â€Â™s most powerful publishing families. Upon their father SamÃ¢Â€Â™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 CondÃƒÂ© Nast Publications Ã¢Â€Â”publisher of Vogue, The New Yorker, and Vanity FairÃ¢Â€Â” and newspapers in over 25 U.S. cities. In 2015, the brothers sold their telecom company Bright House Networks to John MaloneÃ¢Â€Â™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 SiÃ¢Â€Â™s legacy early Sunday morning. In a joint statement issued by Donald, SiÃ¢Â€Â™s cousin and chairman of Conde Nast International Jonathan, and SiÃ¢Â€Â™s nephew Steve Newhouse Ã¢Â€Â”the chairman of Advance.net, the parent company of Conde Nast, the trio reflected on SiÃ¢Â€Â™s life. Ã¢Â€ÂœSi 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,Ã¢Â€Â they said in a statement: Ã¢Â€ÂœSiÃ¢Â€Â™s favorite words, which he used as the highest praise, was Ã¢Â€Âœextraordinary.Ã¢Â€Â It is a word which describes what he achieved and who he was.Ã¢Â€Â
Ã¢Â€ÂœWhen SiÃ¢Â€Â™s father, Samuel Newhouse, bought the company, in 1959, CondÃƒÂ© Nast was, for the most part, Vogue,Ã¢Â€Â CondÃƒÂ© Nast CEO Bob Sauerberg said in a statement: Ã¢Â€ÂœSi and his brother Donald worked in tandem to build a modern media businessÃ¢Â€Â”its holdings are in magazines, newspapers, and cable televisionÃ¢Â€Â”but CondÃƒÂ© Nast was always SiÃ¢Â€Â™s focus and obsession. He was responsible for its vision, its international expansion, and its modernity.Ã¢Â€Â
The New Yorker Editor-in-Chief David Remnick also talked about SiÃ¢Â€Â™s vision and his media empire. “Si Newhouse wasn’t incidentally in the magazine business,Ã¢Â€Â he said in a statement. Ã¢Â€ÂœHe loved magazines, he loved everything about themÂ Ã¢Â€Â”from the conception of new publications to the beauty and rigor of the latest issueÃ¢Â€Â”Â and that passion, that commitment to excellence, free expression, and imagination radiated in every direction.Ã¢Â€Â
Ã¢Â€ÂœWith SiÃ¢Â€Â™s passing, the big chapters in the history of magazines Ã¢Â€Â”as written by men like Si and Henry LuceÃ¢Â€Â” will have come to an end,Ã¢Â€Â said Graydon Carter, Editor-in-Chief, Vanity Fair. Ã¢Â€ÂœSiÃ¢Â€Â™s vision, and the soft manner in which he executed it, will be long remembered in these hallways and on newsstands around the world.Ã¢Â€Â
Ã¢Â€ÂœSi Newhouse was the most extraordinary leader,Ã¢Â€Â concurred Anna Wintour, Conde Nast Artistic Director and Editor-in-Chief, Vogue.
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