The Newhouse family, owner of Advance Publications and multiple media outlets, has sold $60 million worth of Discovery Communications stock, according to a filing with the Securities and Exchange Commission.

On Feb. 16, the Newhouse family sold 1,209,225 shares of common stock, valued at $49.89 per share, totaling $60,328,235.

After the transaction, the family still owns 26,432,492 shares of stock.

The Newhouse family sold the shares under Advance Long-Term Management Trust, Advance Publications Inc., Newhouse Family Holdings L.P. and Newhouse Broadcasting Corp.

The Newhouse family is listed No. 11 on Forbes’ 2016 list of America’s Richest Families, with a net worth of over $18.5 billion.

Samuel and Donald Newhouse inherited Advance Publications after their father’s death in 1979. Advance’s holdings include Condé Nast Publications — publisher of Vogue, The New Yorker, Vanity Fair — and newspapers in over 25 U.S. cities.

The brothers also own a substantial stake in Discovery Communications, including TLC and Animal Planet.

Discovery Communications trades on Nasdaq under the ticker DISCA. The company’s shared closed Tuesday at $29.62, up 94 cents, or 3.28 percent.