Not so for Advance Publications, the Newhouse-family enterprise famous for publishing the New Yorker, Vanity Fair and Vogue.

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Son of Sam Newhouse, Russian immigrant's son who turned Bayonne Times into Advance Publications, nation's largest privately owned newspaper chain.

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Newhouse's Advance Publications, replaced its president, Thomas Florio, with his brother, Steven.

ECONOMIST: Pay dirt

Last month Cond Nast parent Advance Publications and Time Warner announced they were teaming up to start a TV network and Web site aimed at women.

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It's hard to imagine a publication surviving a 32% circulation loss in three years, but the Times-Picayune, owned by privately held Advance Publications, has done just that.

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Advance Publications, a media conglomerate that owns the Times-Picayune, announced similar changes at three of its Alabama newspapers: the Birmingham News, the Huntsville Times and the Press-Register in Mobile.

ECONOMIST: Newspapers in the South

San Fransisco-based Pyra Labs launched in 1999 with the financial backing of investors such as computer book publisher O'Reilly and Associates , and privately held magazine publisher Advance Publications .

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Also chipping in are former MySpace boss and ex-MTV digital chief Jason Hirschhorn, hedgie Paul Tudor Jones of Tudor Investment and Andrew Siegel, the senior vice president of strategy at Advance Publications.

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