U.S. News & World Report was established in 1933 by David Lawrence. Initially, it began as two separate magazines, "United States News" and "World Report". These magazines merged in 1948 to form the current comprehensive news source. As it stands today, the company is owned by U.S. News & World Report, L.P., a privately owned company overseen by Mortimer B. Zuckerman. With its primary location in Washington D.C., U.S. News & World Report delivers broad coverage on a plethora of topics such as National and Global News, Politics, Health, Education, and Science. The news outlet is notably recognized for its detailed rankings and analysis of various establishments, including universities, hospitals, and mutual funds. **One interesting fact**: U.S. News & World Report initiated its annual rankings of U.S. colleges and universities in 1983. These rankings have become an eagerly awaited resource for students and educators alike, playing a significant role in shaping discussions and decisions in the realm of higher education throughout the nation.