Posted inConde Nast Publications Inc Magazines Media Newhouse, Steven O Ohanian, Alexis Reddit Inc Condé Nast’s Owners Set to Reap a $1.4 Billion Windfall From Reddit 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. Posted by By Michael M. Grynbaum and Mike Isaac