Atlantic's owner buys out the magazine's employees
Mortimer Zuckerman, the real estate magnate whose Park Avenue offices in New York City overlook the site of a 1 million-sq.-ft. tower that he is building, joked on the telephone to friends last week that he can now afford lunch only at "some place with a takeout counter." The reason: Zuckerman, 47, has agreed to pay $182.5 million in cash to acquire the parent company of U.S. News & World Report (circ. 2.1 million), a purchase that will vault him into the major leagues of American journalism....
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