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Saunders began his publishing career as a journalist before launching Light Reading in 2000, followed in short order by Heavy Reading (www.heavyreading.com) and Dark Reading (www.darkreading.com). This triptych of online startups covering telecommunications news, telecommunications research and security news, respectively, were acquired by UBM in 2005 for $33 million - a record for a tech publishing startup, at the time or since.
Saunders then bought Light Reading and Heavy Reading back from UBM in January 2014.
In the intervening years (2008 – 2013), Steve founded Internet Evolution, a groundbreaking (and window-shaking, and fist-shaking), award-winning, global, online community dedicated to investigating the future of the Internet.
In March 2008, Saunders was inducted into Min's Digital Media Hall of Fame.
In April 2009, he was named to the No. 2 spot on Folio magazine's Folio 40 ranking of magazine industry influencers and innovators, one ahead of President Barack Obama. The magazine subsequently revised the list following a public outcry, demoting Saunders to the No. 3 spot (true story).
He was named Min's Marketer of the Year in September 2010. No outcry ensued.
Since reacquiring Light Reading, Saunders has refocused the publication on the business and societal implications of next-generation technology. As a result of this shift, the site's audience has more than doubled in the last two years to almost 500,000 unique monthly visitors from around the world.
Saunders is the Founder and serves on the board of the New IP Agency (NIA), a not-for-profit independent initiative providing information, education, analysis, community services and testing to support and accelerate the development of a global economy based on open, advanced, virtualized IP networks.