No. It’s run as a separate company inside the company.

And technically Condé does not own Ars, Advance does. Different leadership group.

This company in a company idea reminds me of the classic "The Front Fell Off" sketch (3 minutes you won't regret on YouTube if you haven't seen). The oil executive explains that the leaking oil tanker is no longer in the environment--"It's been towed outside the environment."