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The magazine's headquarters are in New York and it maintains editorial bureaus in Los Angeles and in London. Stolley characterized the magazine as "getting back to the people who are causing the news and who are caught up in it, or deserve to be in it.For economic reasons it closed bureaus in Austin, Miami, and Chicago in 2006. Our focus is on people, not issues." Stolley's almost religious determination to keep the magazine people-focused contributed significantly to its rapid early success. pumped an estimated million into the venture, the magazine only broke even 18 months after its debut in March 1974.

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(Dick) Stolley, a former assistant managing editor at Life and the journalist who acquired the Zapruder tapes of the John F. The premiere edition for the week ending March 4, 1974 featured actress Mia Farrow, then starring in the movie The Great Gatsby, on the cover. The magazine was, apart from its cover, printed in black-and-white.

That issue also featured stories on Gloria Vanderbilt, Aleksandr Solzhenitsyn and the wives of U. The initial cover price was 35 cents (equivalent to $1.68 in 2015).

The core of the small founding editorial team included other editors, writers, photographers and photo editors from Life magazine, which had ceased publication just 13 months earlier.

This group included managing editor Stolley, senior editors Hal Wingo (father of ESPN anchor Trey Wingo), Sam Angeloff (the founding managing editor of Us magazine) and Robert Emmett Ginna (later a producer of films); writers James Watters (a theater reviewer) and Ronald B.

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