Complex sentence: Live Steam & Outdoor Railroading magazine (formerly "Live Steam") is a U.S. magazine, founded in 1966 and devoted to the live steam hobby, as well as to other uses of miniature and full-size steam equipment.
Split into simpler sentences: Live Steam & Outdoor Railroading magazine (formerly "Live Steam") is a U.S. magazine founded in 1966. The magazine is devoted to the live steam hobby as well as to other uses of miniature and full-size steam equipment.