I found this article online. For the full article see: http://www.mediabistro.com/fishbowlny/magazines/american_heritage_rises_from_the_
dead_69626.asp
American Heritage Rises From The Dead
Alexander Graham Bell's great-grandson just bought the rights to American Heritage magazine. Edwin S. Grosvenor is Bell's descendant and the founding editor of art magazine Portfolio (nope, not the one you're thinking of) — and he just announced that he purchased the rights to American Heritage from the Forbes family.
Costs were $500,000 in cash and the assumption of over $10 million in subscription liabilities. The Forbes family will keep a 25% stake in Grosvenor's newly formed American Heritage Media and the magazine will relocate from New York to new offices in the DC suburbs. Former Smithsonian senior editor John F. Ross will be in charge of the magazine.