Advance Publications (CN's parent company) owns a few dozen popular local news sites, and also has large stakes in Charter Communications (very large US telecom

Advance Publications (CN's parent company) owns a few dozen popular local news sites, and also has large stakes in Charter Communications (very large US telecom) and Warner Bros Discovery, among other things. They owned Random House (publisher) from 1980-1998, and they owned a bunch of television stations until 1980. Basically they're a major media company across the board, so a stake in Reddit doesn't really seem out of place.