Press: Change of Command at U.S. News

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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