Tag: advance sells discovery stock


$500 mil, former Yahoo exec for Conde Nast

$500 mil, former Yahoo exec for Conde Nast

Advance Publications, parent of Conde Nast, has just announced that former Yahoo executive Andrew Siegel is to head up Conde Nast strategy and corporate development. To help him get this done Advance has sold Discovery Communications preferred stock – $500 million of it.  According to All Things Digital Advance will still be 31 percent owner of Discovery, however. ATD is conjecturing that acquisitions of early-stage...

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