Advance Publications Invests $10M Beyond Media Holdings

Posted Wednesday, May 8, 2019 7:56 am

Sara Guaglione | MediaPost

Condé Nast parent company Advance Publications Inc. is investing $10 billion beyond its media business, acquiring and owning large stakes in companies focused on entertainment, software and even space.

According to The Wall Street Journal, which first reported the news, the move is an effort to reduce the company’s reliance on advertising revenue and to push the diversification of Advance Publications.

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Advance Publications Invests $10M Beyond Media Holdings

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