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Condé Nast’s Owners Set to Reap a $1.4 Billion Windfall From Reddit

nytimes.com

The Newhouse family, which controls the Advance media empire, made a 2006 investment of $10 million...
The Newhouse family, which controls the Advance media empire, made a 2006 investment of $10 million in the social site, which plans to go public on Thursday.

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