Walter Hubert Annenberg was an American businessman, investor, philanthropist, and diplomat. Annenberg owned and operated Triangle Publications, which included ownership of The Philadelphia Inquirer, TV Guide, the Daily Racing Form and Seventeen magazine. He was appointed by President Richard Nixon as United States Ambassador to the United Kingdom, where he served from 1969 to 1974.Annenberg was born in Milwaukee and raised in New York. He attended the Wharton School, the business school at the University of Pennsylvania, though he dropped out to pursue stock investing. His father, Moses Annenberg, was convicted of tax evasion and incarcerated for two years. During that time, and following his father's death in 1942, Annenberg took control of the Inquirer, expanding its influence and his own.