Complex sentence: The AICF also created a new glossy secular coffee-table commercial magazine called "Quest" with a circulation of several hundred thousand copies; bought the book publisher Everest House and funded the motion picture "Paper Moon" starring Tatum O'Neal.
Split into simpler sentences: The AICF also created a new, glossy, secular, coffee-table, commercial magazine called "Quest", with a circulation of several hundred thousand copies. Additionally, the AICF bought the book publisher Everest House, and funded the motion picture "Paper Moon" starring Tatum O'Neal.