Media

Reddit’s Owner Says It Doesn’t Manage Reddit

Published on October 12, 2012
by Peter Kafka

“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.

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URL: http://allthingsd.com/20121012/reddits-owner-says-it-doesnt-manage-reddit/