Reddit’s Owner Says It Doesn’t Manage Reddit
“Reddit was spun off a year ago, and it operates as an independent company. Conde Nast has no involvement in the management of Reddit.”
– Advance.net chairman Steven Newhouse, in response to a query from AllThingsD regarding today’s Gawker story about Reddit and a user described as “The Biggest Troll on the Web.” Advance.net is the digital arm of Conde Nast parent Advance Publications; Advance remains Reddit’s majority shareholder, Newhouse confirmed.
