The award-winning New Mexico Magazine, in partnership with the New Mexico Tourism Department, publishes the New Mexico Vacation Guide and International Vacation Guides (translated into Spanish, French, German, Italian and Japanese). Functioning as an enterprise fund in state government, the magazine is self-sufficient with virtually no funding from the taxpayer other than office space. Founded in 1923, New Mexico Magazine reigns as the longest-tenured state magazine in the United States, while ranking as the third-largest state-owned publication in circulation. With more than 150,000 monthly readers, the magazine enjoys one of the highest renewal rates in the industry. The operation also sells products, including books and calendars, through its catalog and Web site.