4 ms·
> Our decision to unionize comes at a moment when much of what defines The New Yorker—its atmosphere of deliberation and care and its devotion to factual accura
by sli 8y ago
> Our decision to unionize comes at a moment when much of what defines The New Yorker—its atmosphere of deliberation and care and its devotion to factual accuracy, careful prose, and expert design—is vulnerable to competing priorities from our corporate parent, Condé Nast.
This is something that reddit users should also probably keep in mind as they use the site, as Condé Nast owns reddit as well.
- Mononokay 8y agoActually, Condé Nast hasn't owned reddit for a long time.
- baud147258 8y agoWho is the owner of reddit?
- DougBTX 8y agohttps://redditblog.com/2013/08/06/reddit-myth-busters/#independent-reddit-inc https://redditblog.com/2013/08/06/reddit-myth-busters/#indep...
- baud147258 8y agoThank you.
- deleted 8y ago[deleted]
- icelancer 8y agoAs of 2017 Advance Publications has been the majority shareholder, which also owns Condé Nast.
- popcat 8y agoIn effect, Condé Nast does still own Reddit. Advance Publications is the holding company which owns the Conde Nast properties (Conde Nast, Conde Nast International, Conde Nast Entertainment, and Reddit). When Condé Nast originally bought reddit, there was an outcry about how Condé Nast was going to ruin reddit. People thought Condé Nast was just going to pump their magazine content (GQ, Vogue, New Yorker, Wired, many more...) on reddit. In order to prove this wasn't going to happen, Conde Nast reincorporated Reddit as its own company and moved it under its parent holding company (Advance Publications). Advance Publications is to Conde Nast what Alphabet is to Google. Also one thing to note is that Reddit has employees within Conde Nast's head quarters. Its not like they are trying to hide their ownership. They just changed the structure of the ownership to prove Reddit still controls Reddit.