Reader's Digest is an American general-interest family magazine, published ten times a year. Formerly based in Chappaqua, New York, it is now headquartered in Midtown Manhattan. The magazine was founded in 1920, by DeWitt Wallace and Lila Bell Wallace. For many years, "Reader's Digest" was the best-selling consumer magazine in the United States; it lost the distinction in 2009 to "Better Homes and Gardens"