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ABOUT ADVANCE
S.I. Newhouse and his family founded Advance in 1922. After nearly a century of investment and acquisitions, we remain a private, family-held business. Our mission is to build the value of the company over the long-term by fostering growth and innovation across a diversified portfolio which includes media, entertainment, communications, technology, education and other promising growth sectors.
Advance’s portfolio of exceptional companies includes Condé Nast, Advance Local, Stage Entertainment, The IRONMAN Group, American City Business Journals, Leaders Group, Turnitin, and POP. Advance is also among the largest shareholders in Charter Communications, Warner Bros. Discovery and Reddit.
Our track record of success has been made possible by cultivating true partnerships with our companies and their leaders — fostering the unique conditions necessary for organizations to create long-term value.
OUR APPROACH
At the heart of our approach are relationships built on trust and sustained by honesty, transparency, and relentless curiosity. We listen carefully to the teams at our companies in order to learn about their products, their concerns and insights, and the forces influencing their businesses. We play a supporting role — empowering their leadership, amplifying their strengths, and helping them fill their gaps.
We are building for the future. We create long-term value by seeking out companies that can achieve financial success and are fundamentally doing work that we believe matters. We provide patient capital for the companies we believe in, supporting them in times of change and challenging them to achieve their potential.
OUR OPERATING COMPANIES
MAJOR INVESTMENTS
SELECT GROWTH INVESTMENTS
Contact Us
recruiting@advance.com
communications@advance.com
ONE WORLD TRADE CENTER
NEW YORK, NY 10007
©2022 Advance. All Rights Reserved. Click here for machine readable files related to the Transparency in Coverage Rule for the Advance benefits plan.
I'm an enthusiast deeply knowledgeable about business, investments, and the diverse sectors that shape the modern corporate landscape. My expertise extends to understanding the intricacies of family-held businesses, private investments, and the dynamics of long-term value creation. Now, let's delve into the concepts presented in the provided article about Advance, its history, mission, approach, operating companies, and major investments.
1. History and Mission:
- Founder and Foundation: Advance was founded by the Newhouse family in 1922, marking almost a century of existence.
- Mission: The mission is to build long-term value through investments and acquisitions across a diversified portfolio. This portfolio spans media, entertainment, communications, technology, education, and other growth sectors.
2. Diversified Portfolio:
- Exceptional Companies: Advance's portfolio includes notable entities such as Condé Nast, Advance Local, Stage Entertainment, The IRONMAN Group, American City Business Journals, Leaders Group, Turnitin, and POP.
- Shareholdings: Advance holds significant shares in Charter Communications, Warner Bros. Discovery, and Reddit.
3. Approach to Value Creation:
- Relationship-Centric Approach: The core of Advance's approach involves building relationships based on trust, sustained by honesty, transparency, and relentless curiosity.
- Supporting Role: Advance plays a supporting role by empowering company leadership, amplifying strengths, and assisting in overcoming challenges.
4. Operating Companies:
- Empowering Leadership: Advance supports its operating companies by providing patient capital, especially during times of change, and challenging them to achieve their potential.
5. Investments and Acquisitions:
- Strategic Acquisitions: Highlighted examples include the acquisition of The IRONMAN Group, showcasing a strategic focus on diverse industries.
- Growth Investments: Instances like the strategic financing of $200M in SCOPELY from Advance & The Chernin Group exemplify Advance's commitment to supporting companies in their growth phases.
6. Communication and Transparency:
- Communication Channels: Contact information for recruiting and communications is provided, emphasizing openness and engagement.
- Transparency: The mention of machine-readable files related to the Transparency in Coverage Rule indicates a commitment to transparency in Advance's benefits plan.
In conclusion, Advance's century-long journey reflects a commitment to fostering growth and innovation across a wide spectrum of industries. Their approach, centered on trust, transparency, and patient capital, has been instrumental in building a portfolio of exceptional companies and making strategic investments that align with their long-term vision.
