Who wanted U.S. News & World Report? Finalists in the competition were: Mortimer B. Zuckerman. Many U.S. News employees considered Zuckerman, an ambitious Boston real-estate developer and publisher of the Atlantic, the odds-on favorite from the beginning because he was the company’s partner in its Washington, D.C., real estate venture. “He had his foot in the door,” one U.S. News editor says. “Anybody else buying into the thing would have
On December 14, 1983, employees of U.S. News & World Report gazed in puzzlement at a one-page memorandum that had been posted on bulletin boards in the magazine’s Washington, D.C., headquarters. “Employees should be aware,” the notice said, “that within the last two weeks an offer has been submitted to purchase all of the stock of the company at