With an estimated current net worth of around $4 billion, Donald Newhouse is ranked by Forbes as the 132nd richest person in America. The American media mogul is one co-owner of Advance Publications and oversees the newspaper portion of Advance Publications, which runs local papers in more than 25 cities in America. His brother Samuel Irving takes care of magazines under the Condé Nast banner. The media company include magazines like The New Yorker, Vogue, and GQ, Florida cable and internet company Bright House Networks, and the hugely popular website Reddit.
Donald Newhouse is the 51st-richest person in the United States, Forbes reports. The magazine places the Advance Publications chief’s net worth at $6.6 billion. His brother, Conde Nast Chairman Si Newhouse, Jr., places a little higher: No. 46, with a net worth of $7.4 billion. Donald’s net worth was $5.9 billion in Sept. 2011, Forbes estimates, and Si’s was $6.6 billion.
In September, New York Times publisher Arthur O. Sulzberger Jr. embraced self-sacrifice. He and company vice chairman Michael Golden would renounce stock compensation this year and the next, he announced in a staff memo, with the savings (some $4 million, by Mr. Sulzberger’s estimate) to go into a pool for employee bonuses.
Read more at http://observer.com/2006/12/the-sulzberger-and-newhouse-families/#ixzz2uEo4kSPc
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N THE MID-1970s, when Sam Newhouse, the sire of the media fortune, was still alive and hale, his family gathered in Connecticut to celebrate the 20th wedding anniversary of his younger brother, Ted. Sam's sons and heirs, Si and Don, were there, amid squads of other family members drawing their livings from Newhouse newspapers and magazines and television properties. The guests lunched at Ted's summer home, in a setting of green grass and success that was worlds removed from the New Jersey attics and tenements in which this family had once subsisted. As the lunch progressed, Ted rose to give the first toast. Heads turned expectantly toward his wife, Caroline. But time enough for that salute. In a gesture that summarized it all, Ted raised his glass and said simply, ''To Sam.'' Sam. What is there about this plain name, that it collects wealth?