Condé Nast’s hold on Reddit slips but Newhouse family has cushion

Here’s why the Newhouse family is not facing the same kind of pressure as, say, Henry Luce’s old company, Time Inc. Little noticed in the hoopla that Chinese behemoth Tencent had made a $150 million investment in the latest $300 million class-D funding round for Reddit was the reduced ownership role Condé Nast and its...

from Media | New York Post https://nyp.st/2DFJ4sp