US News & World Report August 4 2008

Founded in 1933 as United States News, it merged with World Report in 1948. The magazine's founder, David Lawrence (1888–1973), sold it to his employees. In 1984, it was purchased by Mortimer Zuckerman, who is also the owner of the New York Daily News. The editorial staff of U.S.News & World Report is based in Washington, D.C., but the magazine is owned by U.S.News & World Report, L.P., which is based in the Daily News building in New York City. Despite its lurid head lines and conforming to the owner's political point of view, it tends to be more conservative than its two primary competitors, Time and Newsweek.[4] Citing the decline in overall magazine circulation and advertising, "U.S.News & World Report" is scheduled to become a biweekly publication in 2009.