<P> People is perhaps best known for its yearly special issues naming the "World's Most Beautiful," "Best & Worst Dressed" and "Sexiest Man Alive". The magazine's headquarters are in New York and it maintains editorial bureaus in Los Angeles and in London . For economic reasons it closed bureaus in Austin, Miami, and Chicago in 2006 . </P> <P> The concept for People has been attributed to Andrew Heiskell, Time Inc.'s chief executive officer at the time and the former publisher of the weekly Life magazine . The founding managing editor of People was Richard B. (Dick) Stolley, a former assistant managing editor at Life and the journalist who acquired the Zapruder tapes of the John F. Kennedy assassination for Time Inc. in 1963 . People's first publisher was Richard J. (Dick) Durrell, another Time Inc. veteran . </P> <P> 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 . 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 . It is said that although Time Inc. pumped an estimated $40 million into the venture, the magazine only broke even 18 months after its debut in March 1974 . Initially, the magazine was sold primarily on newsstands and in supermarkets . To get the magazine out each week, founding staff members regularly slept on the floor of their offices two or three nights each week and severely limited all non-essential outside engagements . The premier edition for the week ending March 4, 1974 featured actress Mia Farrow, then starring in the film The Great Gatsby, on the cover . That issue also featured stories on Gloria Vanderbilt, Aleksandr Solzhenitsyn and the wives of U.S. Vietnam veterans who were Missing In Action . The magazine was, apart from its cover, printed in black - and - white . The initial cover price was 35 cents (equivalent to $1.70 in 2016). </P> <P> 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. Scott (later a biographer of Presidential candidate Mitt Romney); former Time senior editor Richard Burgheim (later the founder of Time's ill - fated cable television magazine View); Chief of Photography, a Life photographer, John Loengard, to be succeeded by John Dominus, a noteworthy Life staff photographer; and design artist Bernard Waber, author and illustrator of the Lyle The Crocodile book series for children . Many of the noteworthy Life photographers contributed to the magazine as well, including legends Alfred Eisenstaedt and Gjon Mili and rising stars Co Rentmeester, David Burnett and Bill Eppridge . Other members of the first editorial staff included editors and writers: Ross Drake, Ralph Novak, Bina Bernard, James Jerome, Sally Moore, Mary Vespa, Lee Wohlfert, Joy Wansley, Curt Davis, Clare Crawford - Mason, and Jed Horne, later an editor of The Times - Picayune in New Orleans . </P>

Who holds the record for being named sexiest man alive