Publishing Billionaire And Condé Nast’s Longtime Chairman Si Newhouse Dies At Age 89 – Forbes
Billionaire media mogul and chairman emeritus of CondÃ© Nast Samuel âSiâ Newhouse, Jr. died early Sunday morning at age 89 after a long illness, a spokesperson for CondÃ© Nast confirmed. In May 2016, Siâs 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 countryâs most powerful publishing families. Upon their father Samâs death in 1979, they inherited Advance Publications, which was founded by Sam in 1922, and grew it into a publishing giant that now owns CondÃ© Nast Publications âpublisher of Vogue, The New Yorker, and Vanity Fairâ and newspapers in over 25 U.S. cities. In 2015, the brothers sold their telecom company Bright House Networks to John Maloneâs 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 Siâs legacy early Sunday morning. In a joint statement issued by Donald, Siâs cousin and chairman of Conde Nast International Jonathan, and Siâs nephew Steve Newhouse âthe chairman of Advance.net, the parent company of Conde Nast, the trio reflected on Siâs life. âSi 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,â they said in a statement: âSiâs favorite words, which he used as the highest praise, was âextraordinary.â It is a word which describes what he achieved and who he was.â
âWhen Siâs father, Samuel Newhouse, bought the company, in 1959, CondÃ© Nast was, for the most part, Vogue,â CondÃ© Nast CEO Bob Sauerberg said in a statement: âSi and his brother Donald worked in tandem to build a modern media businessâits holdings are in magazines, newspapers, and cable televisionâbut CondÃ© Nast was always Siâs focus and obsession. He was responsible for its vision, its international expansion, and its modernity.â
The New Yorker Editor-in-Chief David Remnick also talked about Siâs vision and his media empire. “Si Newhouse wasn’t incidentally in the magazine business,â he said in a statement. âHe loved magazines, he loved everything about them âfrom the conception of new publications to the beauty and rigor of the latest issueâ and that passion, that commitment to excellence, free expression, and imagination radiated in every direction.â
âWith Siâs passing, the big chapters in the history of magazines âas written by men like Si and Henry Luceâ will have come to an end,â said Graydon Carter, Editor-in-Chief, Vanity Fair. âSiâs vision, and the soft manner in which he executed it, will be long remembered in these hallways and on newsstands around the world.â
âSi Newhouse was the most extraordinary leader,â concurred Anna Wintour, Conde Nast Artistic Director and Editor-in-Chief, Vogue.