The title of Time Person of the Year is an annual designation given by the American news magazine Time to the person, group, idea, or object that "for better or worse...has done the most to influence the events of the year".
The award has been given since 1927, and has included some of the most influential figures of the 20th and 21st centuries.
For 2023, the Person of the Year was singer-songwriter Taylor Swift. She was chosen for her influence on the music industry and her outspokenness on issues of artist rights.
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Here's a glimpse into the history of Time magazine:
Birth of a Weekly News Digest (1923): Time magazine wasn't the first, but it was the pioneer of the weekly news magazine format in the United States.
Founded in 1923 by Yale classmates Briton Hadden and Henry Luce, their aim was to provide busy people with a concise and organized digest of current events around the world.
From Facts to Time (and a Signature Cover): Originally called "Facts," the name was changed to "Time" with the tagline "Take Time - It's Brief." The magazine's now-iconic cover featuring a prominent figure debuted in the first issue.
Early Success and Luce's Influence: Time gained traction quickly, reaching a circulation of over 175,000 by 1927. Henry Luce became a powerful figure in the magazine's direction, shaping its content with his moderate conservative views for many years.
A Shift in Stance: After Luce's diminished role in the 1970s, Time's editorial approach evolved towards a more neutral and centrist perspective.
Digital Transformation: In recent times, like many publications, Time has embraced the digital age. While it began as a weekly print magazine, it transitioned to a bi-weekly format in 2020 and has a strong web presence.
Time magazine remains a significant voice in American media, known for its insightful reporting and iconic cover choices
Where to buy Time magazine
You can find single copies of Time magazine on Amazon, newsstands, convenience stores, supermarkets, and other retail outlets that sell magazines. Check your local grocery store, pharmacy, or airport terminal for availability.
What is Time magazine known for?
Time magazine has carved out a reputation for several things. First and foremost, it's a highly respected source for news across a wide range of topics.
Since its founding in 1923, it's been a go-to publication for staying informed about politics, business, health, science, and even entertainment, all delivered through the lens of in-depth reporting.
Another hallmark of Time magazine is its iconic covers.
For decades, they've featured influential people, often world leaders or cultural figures, serving as a snapshot of the times and sparking conversation.
These thought-provoking covers have become a collectible in their own right.
Time magazine also goes beyond straightforward news reporting. It's known for its curated lists, which have become a media staple.
The most famous of these is likely the "Person of the Year," a designation given to someone who has had a significant impact on the world, for better or worse.
Other notable lists include the "TIME 100," which highlights the 100 most influential people in the world according to the magazine's editors.
These lists offer a unique perspective on the year's events and the people shaping them.
Who funds Time magazine
Marc Benioff, the founder of cloud computing giant Salesforce, has been the financial backer of Time magazine since its acquisition from Meredith Corporation in 2018.
Benioff's company, Time USA, LLC, is now responsible for publishing the magazine.
It's worth pointing out that while Benioff provides the funding through ownership, there's a clear distinction between financial backing and editorial influence.
This is meant to ensure that Time's journalism upholds its standards of objectivity and credibility.
Who is the publisher of Time magazine
Time magazine has gone through a few ownership changes.
Originally launched in 1923, it was published for decades by Time Inc., which also owned other well-known magazines like People and Sports Illustrated.
In 2017, Meredith Corporation, another major media company, acquired Time Inc. However, just a year later, Marc Benioff, the founder of Salesforce, purchased Time magazine from Meredith and established Time USA, LLC as its new publisher.
This shift to digital-first publishing reflected the changing media landscape.
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