Samuel Irving Newhouse, Jr.
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Samuel Irving "S.I." Newhouse Jr. (November 8, 1927 – October 1, 2017) was an American heir to a substantial magazine and media business. Together with his brother Donald, he owned
Advance Publications Advance Publications, Inc., doing business as Advance, is an American media company owned by the descendants of S.I. Newhouse Sr., Donald Newhouse and S.I. Newhouse Jr. It owns a large number of subsidiary companies, including Condé Nast, an ...
, founded by their late father in 1922, whose properties include Condé Nast (publisher of such magazines as '' Vogue'', '' Vanity Fair'', and '' The New Yorker''), dozens of newspapers across the United States (including '' The Star-Ledger'', '' The Plain Dealer'', and '' The Oregonian''), former cable company Bright House Networks, and a controlling stake in Discovery Communications.


Early life

He was the son of Mitzi (née Epstein) and
Samuel Irving Newhouse Sr. Samuel Irving Newhouse Sr. (born Solomon Isadore Neuhaus; May 24, 1895 – August 29, 1979) was an American broadcasting businessman, as well as a magazine and newspaper publisher. He was the founder of Advance Publications. Early life Newhouse ...
, the founder of Advance Publications. Sam Newhouse Sr. had been the young editor of the ''
Bayonne Bayonne (; eu, Baiona ; oc, label= Gascon, Baiona ; es, Bayona) is a city in Southwestern France near the Spanish border. It is a commune and one of two subprefectures in the Pyrénées-Atlantiques department, in the Nouvelle-Aquitaine re ...
Times'' and when he asked the owner of the Times for a raise he had long deserved, he was refused. Sam then quit the Times to become associated with the Staten Island paper that formed the basis of his publication future. Newhouse attended the Horace Mann School in New York City. He later attended Syracuse University, but dropped out and began working at his father's newspapers.


Career

After dropping out of Syracuse University, Newhouse worked for the International News Service in Paris. He served two years in the U.S. Air Force before going to Harrisburg, Pennsylvania to oversee two of his father's daily newspapers. In 1964, he became publisher of the U.S. edition of Vogue and in 1975, he took over as chairman of Condé Nast. In 1985, he purchased the New Yorker. Prior to his death, he had an estimated
net worth Net worth is the value of all the non-financial and financial assets owned by an individual or institution minus the value of all its outstanding liabilities. Since financial assets minus outstanding liabilities equal net financial assets, net ...
of $9.5 billion, and he was ranked the 46th richest American by '' Forbes'' magazine in 2014.Samuel Newhouse Jr. – Forbes
September 2015
Newhouse gave money to charity, including $15 million to
Syracuse University Syracuse University (informally 'Cuse or SU) is a Private university, private research university in Syracuse, New York. Established in 1870 with roots in the Methodist Episcopal Church, the university has been nonsectarian since 1920. Locate ...
in 1962. He was also an art collector, who at one time owned one of the most valuable paintings in the world, a Jackson Pollock drip painting, titled '' No. 5, 1948''. Newhouse was listed by '' Art News'' as among the top 200 art collectors in the world.


Personal life and death

Newhouse was Jewish. He was married to Jane Franke from 1951 to 1959, and they had three children, Samuel I. Newhouse III, Wynn Newhouse (died 2010), and Pamela Newhouse Mensch. His parents were deeply disappointed by the divorce. In 1973, he married Victoria Carrington Benedict de Ramel. His grandson, S.I. Newhouse IV, appeared in the documentary '' Born Rich''. Newhouse died on October 1, 2017, at the age of 89.


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Further reading

* * * * * * * {{DEFAULTSORT:Newhouse, Samuel Irving Jr. 1927 births 2017 deaths Businesspeople from New York City American art collectors American billionaires American mass media owners American newspaper publishers (people) American people of Austrian-Jewish descent American people of Belarusian-Jewish descent Jewish American philanthropists Philanthropists from New York (state) Condé Nast people Horace Mann School alumni People from Manhattan Samuel Irving Jr. 20th-century American businesspeople