McGraw-Hill purchased the American Heritage Publishing Company in 1969. Samuel P. Reed acquired the magazine in 1978. By 1980, costs made the hardcover version prohibitive for a regular subscription. Subscribers could choose the new regular newsstand high-quality softcover or the "Collector's Edition", even plusher and thicker than the previous hardcover. Each is usually about 80 pages and has more "relevant" features and shorter articles than in the early years, but the scope and direction and purpose had not changed. Forbes bought the magazine in 1986.