Read the text and determine if the sentence is true:

The Paris Review is a quarterly English language literary magazine established in Paris in 1953 by Harold L. Humes, Peter Matthiessen, and George Plimpton. In its first five years, "The Paris Review" published works by Jack Kerouac, Philip Larkin, V. S. Naipaul, Philip Roth, Terry Southern, Adrienne Rich, Italo Calvino, Samuel Beckett, Nadine Gordimer, Jean Genet, and Robert Bly.

Sentence: Three people established a literary magazine in Paris.
Yes