In 1922, DeWitt Wallace and his wife Lila Bell Wallace founded Reader's Digest, a condensed magazine of articles from other publications. The idea came to DeWitt while he was recovering from shrapnel wounds during World War I, where he spent time reading and condensing articles from various magazines. After initially being rejected by multiple publishers, the Wallaces decided to publish the magazine themselves, starting in a basement below a Greenwich Village speakeasy. Today, Reader's Digest is owned by Trusted Media Brands, Inc., formerly known as the Reader's Digest Association. Reader's Digest covers a wide range of topics including health, humor, human interest stories, and condensed versions of books. While not focused on traditional news categories like sports or politics, it provides informative and entertaining content on lifestyle, culture, and current events. The magazine is headquartered in New York City but has a global reach with editions published in multiple languages and countries around the world. **One interesting fact**: A surprising aspect of Reader's Digest is its role in early anti-smoking advocacy. In 1952, the magazine published "Cancer by the Carton," a series of articles linking smoking with lung cancer, making it one of the first major publications to tackle this issue and influencing public opinion on smoking.