Who owns Reddit?
In October 2006. Reddit became a direct subsidiary of Condé Nast's parent company, Advance Publications, in September 2011. As of August 2012, Reddit operates as an independent entity, although Advance is still its largest shareholder.[7] Reddit is based in San Francisco, California.
Advance Publications, Inc. is an American media company owned by the descendants of S.I. Newhouse Sr., Donald Newhouse and S.I. Newhouse Jr.
Advance Publications, properties include Condé Nast (publisher of such magazines as Vogue, Vanity Fair, The New Yorker, etc.), dozens of newspapers across the United States (including The Star-Ledger, The Plain Dealer, The Oregonian, etc.), cable company Bright House Networks and a controlling stake in Discovery Communications. According to Forbes, with an estimated net worth of $10.5 billion and the 56th richest person in the United States. He resides in New York City.[2]
Donald Newhouse's father, Samuel Irving Newhouse Sr., was born to Jewish immigrants on the Lower East Side of Manhattan and began the family media business.[3] His mother, Mitzi Epstein, was an arts patron and philanthropist[4] who grew up in an upper middle class Jewish family on the Upper West Side, the daughter of a silk tie importer.[5]