Media billionaire Si Newhouse (89) passed away

Samuel 'Si' Newhouse Jr.

The media billionaire built his father's business into a conglomerate with 25,000 employees. Advance Publications Inc. is the 40th place of the Forbes list 2017 of largest US private companies. Newhouse's assets are estimated at $ 12.7 billion (10.7 billion), which is ranked in the top 35 of the richest Americans. His younger brother Donald accounts for 11.7 billion.

In addition to the Condé Nast magazine division, Advance Publications also has dozens of American newspapers, radio stations and cable television networks.