I am part of the problem, I only read the New Yorker at my library. I am always shocked at the price tag on the cover. I guess they pay their writers really well. I also remember from footage from New York they have a really nice location?
Tech speaking Advance Publications “own” reddit as it’s largest share holder. Advance Publications Also own Conde Nast.
Conde Nast used to own reddit. But a few years (2014) ago it split off as it’s own entity but giving Advance Publications the majority shareholder state and had a funding round at the same time. It’s had a couple more funding round since with its most recent being $300M in feb.
Not sure about the financial state of Advance Publications though.
Conde Nast also own reddit.
https://news.ycombinator.com/item?id=17248210
That big service isn't profitable either?