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Time (magazine)

Time (stylized in all caps as TIME) is an American news magazine based in New York City. For nearly a century, it was published weekly, but starting in March 2020 it transitioned to every other week.[2][3] It was first published in New York City on March 3, 1923, and for many years it was run by its influential co-founder, Henry Luce.

Time
Cover of the February 2023 issue, which highlighted the ongoing AI spring
Editor-in-chiefSam Jacobs
CategoriesNews magazine
FrequencyWeekly (1923–2020); twice monthly on Fridays (2020–present).
Total circulation
(2023)
1,256,572[1]
First issueMarch 3, 1923; 100 years ago (1923-03-03)
CompanyTime Inc. (1923–1990; 2014–2018)
Time Warner (1990–2014)
Meredith Corporation (2018)
Time USA, LLC. (Marc & Lynne Benioff) (2018–present)
CountryUnited States
Based inNew York City
LanguageEnglish
Websitetime.com
ISSN0040-781X
OCLC1311479

A European edition (Time Europe, formerly known as Time Atlantic) is published in London and also covers the Middle East, Africa, and, since 2003, Latin America. An Asian edition (Time Asia) is based in Hong Kong.[4] The South Pacific edition, which covers Australia, New Zealand, and the Pacific Islands, is based in Sydney.

Since 2018, Time has been owned by Salesforce founder Marc Benioff, who acquired it from Meredith Corporation. Benioff currently publishes the magazine through the company Time USA, LLC.

History edit

20th century edit

 
The cover of the first issue of Time on March 3, 1923, featuring Speaker of the House Joseph G. Cannon

Time has been based in New York City since its first issue published on March 3, 1923, by Briton Hadden (1898–1929) and Henry Luce (1898–1967). It was the first weekly news magazine in the United States.[5] The two had previously worked together as chairman and managing editor, respectively, of the Yale Daily News. They first called the proposed magazine Facts, wanting to emphasize brevity so a busy man could read it in an hour. They changed the name to Time and used the slogan "Take Time – It's Brief".[6] Hadden was considered carefree and liked to tease Luce. He saw Time as important but also fun, which accounted for its heavy coverage of celebrities and politicians, the entertainment industry, and pop culture, criticizing it as too light for serious news.

Time set out to tell the news through people, and until the late 1960s, the magazine's cover depicted a single person. More recently, Time has incorporated "People of the Year" issues which grew in popularity over the years. The first issue of Time featured Joseph G. Cannon, the retired Speaker of the House of Representatives, on its cover; a facsimile reprint of Issue No. 1, including all of the articles and advertisements contained in the original, was included with copies of the magazine's issue from February 28, 1938, in commemoration of its 15th anniversary.[7] The cover price was 15¢ (equivalent to $2.58 in 2022).

Following Hadden's death in 1929, Luce became the dominant man at Time and a major figure in the history of 20th-century media. According to Time Inc.: The Intimate History of a Publishing Enterprise 1972–2004 by Robert Elson, "Roy Edward Larsen ... was to play a role second only to Luce's in the development of Time Inc". In his book The March of Time, 1935–1951, Raymond Fielding also noted that Larsen was "originally circulation manager and then general manager of Time, later publisher of Life, for many years president of Time Inc., and in the long history of the corporation the most influential and important figure after Luce".[citation needed]

Around the time they were raising $100,000 from wealthy Yale University alumni, including Henry P. Davison, partner of J.P. Morgan & Co., publicity man Martin Egan and J.P. Morgan & Co. banker Dwight Morrow; Henry Luce and Briton Hadden hired Larsen in 1922. Larsen was a Harvard University graduate, and Luce and Hadden were Yale graduates. After Hadden died in 1929, Larsen purchased 550 shares of Time Inc., using money he obtained from selling RKO stock he had inherited from his father, who was the head of the Benjamin Franklin Keith theater chain in New England. However, after Briton Hadden's death, the largest Time, Inc. stockholder was Henry Luce, who ruled the media conglomerate in an autocratic fashion; "at his right hand was Larsen", Time Inc.'s second-largest stockholder, according to Time Inc.: The Intimate History of a Publishing Enterprise 1923–1941. In 1929, Roy Larsen was also named a Time Inc. director and vice president. J. P. Morgan retained a certain control through two directorates and a share of stocks, both over Time and Fortune. Other shareholders were Brown Brothers Harriman & Co., and the New York Trust Company (Standard Oil).[citation needed]

After Time began publishing weekly in March 1923, Roy Larsen was able to increase its circulation by using U.S. radio and movie theaters around the world. It often promoted both Time magazine and U.S. political and corporate interests. According to The March of Time, as early as 1924, Larsen had brought Time into the infant radio business with the broadcast of a 15-minute sustaining quiz show entitled Pop Question which survived until 1925. Then in 1928, Larsen "undertook the weekly broadcast of a 10-minute programme series of brief news summaries, drawn from current issues of Time magazine ... which was originally broadcast over 33 stations throughout the United States".[citation needed]

Larsen next arranged for the 30-minute radio program The March of Time to be broadcast over CBS beginning on March 6, 1931. Each week, the program presented a dramatization of the week's news for its listeners; thus Time magazine itself was brought "to the attention of millions previously unaware of its existence", according to Time Inc.: The Intimate History of a Publishing Enterprise 1923–1941, leading to increased circulation during the 1930s. Between 1931 and 1937, Larsen's The March of Time radio program was broadcast over CBS radio, and between 1937 and 1945, it was broadcast over NBC radio – except between 1939 and 1941, when it was not aired. People magazine was based on Time's "People" page.

Time Inc. stock owned by Luce at the time of his death was worth about $109 million ($957 million in 2022), and it had been yielding him a yearly dividend of more than $2.4 million ($21.1 million in 2022), according to Curtis Prendergast's The World of Time Inc.: The Intimate History of a Changing Enterprise 1957–1983. The Larsen family's Time Inc. stock was worth around $80 million during the 1960s, and Roy Larsen was both a Time Inc. director and the chairman of its executive committee, later serving as Time Inc.'s board's vice chairman until the middle of 1979. On September 10, 1979, The New York Times wrote, "Mr. Larsen was the only employee in the company's history given an exemption from its policy of mandatory retirement at age 65."

In 1987, Jason McManus succeeded Henry Grunwald as editor-in-chief,[8] and oversaw the transition before Norman Pearlstine succeeded him in 1995.

In 1989, when Time, Inc. and Warner Communications merged, Time became part of Time Warner, along with Warner Bros.

21st century edit

In 2000, Time became part of AOL Time Warner, which reverted to the name Time Warner in 2003.

In 2007, Time moved from a Monday subscription/newsstand delivery to a schedule where the magazine goes on sale Fridays, and is delivered to subscribers on Saturday. The magazine was published on Fridays when it began in 1923.

In early 2007, the year's first issue was delayed for roughly a week due to "editorial changes", including the layoff of 49 employees.[9]

In 2009, Time announced that they were introducing Mine, a personalized print magazine mixing content from a range of Time Warner publications based on the reader's preferences. The new magazine was met with a poor reception, with criticism that its focus was too broad to be truly personal.[10]

The magazine has an online archive with the unformatted text for every article published. The articles are indexed and were converted from scanned images using optical character recognition technology. The minor errors in the text are remnants of the conversion to the digital format.

In January 2013, Time Inc. announced that it would cut nearly 500 jobs – roughly 6% of its 8,000 staff worldwide.[11]

Although Time magazine has maintained high sales, its ad pages have declined significantly.[12]

Also in January 2013, Time Inc. named Martha Nelson as the first female editor-in-chief of its magazine division.[13] In September 2013, Nancy Gibbs was named as the first female managing editor of Time magazine.[13]

In November 2017, Meredith Corporation announced its acquisition of Time, Inc., backed by Koch Equity Development.[14]

In 2017, editor and journalist Catherine Mayer, who also founded the Women's Equality Party in the UK, sued Time through attorney Ann Olivarius for sex and age discrimination.[15][16] The suit was resolved in 2018.[17]

In March 2018, only six weeks after the closure of the sale, Meredith announced that it would explore the sale of Time and sister magazines Fortune, Money and Sports Illustrated, since they did not align with the company's lifestyle brands.[18]

In October 2018, Meredith Corporation sold Time to Marc Benioff and his wife Lynne for $190 million. Although Benioff is the chairman and co-CEO of Salesforce.com, Time was to remain separate from that company and Benioff would not be involved in the magazine's daily operations.[19][20]

In late April 2023, Time announced the elimination of the website's paywall effective June 1, 2023.[21]

Time Canada edit

From 1942 until 1979, Time had a Canadian edition that included an insert of five pages of locally produced content as well as occasional Canadian covers. Following changes in the tax status of Canadian editions of American magazines, Time closed Canadian bureaus, except for Ottawa, and published identical content to the US edition but with Canadian advertising.[22]

In December 2008, Time discontinued publishing a Canadian edition.[23]

Circulation edit

During the second half of 2009, the magazine had a 34.9% decline in newsstand sales.[24] During the first half of 2010, another decline of at least one-third in Time magazine sales occurred. In the second half of 2010, Time magazine newsstand sales declined by about 12% to just over 79,000 copies per week.[citation needed]

As of 2012, it had a circulation of 3.3 million, making it the 11th-most circulated magazine in the United States, and the second-most circulated weekly behind People.[25] As of July 2017, its circulation was 3,028,013.[1] In October 2017, Time cut its circulation to two million.[26] Time currently has 1.3 million print subscribers and 250,000 digital subscribers.[27]

Style edit

Writing edit

Time initially possessed a distinctively "acerbic, irreverent style", largely created by Haddon and sometimes called "Timestyle".[28] Timestyle made regular use of inverted sentences, as famously parodied in 1936 by Wolcott Gibbs in The New Yorker: "Backward ran sentences until reeled the mind ... Where it all will end, knows God!"[29] Time also coined or popularized many neologisms like "socialite", "guesstimate", "televangelist", "pundit", and "tycoon",[28] as well as some less successful ones like "cinemactress" and "radiorator".[30] Time introduced the names "World War I" and "World War II" in 1939, as opposed to older forms like "First World War" and "World War No. 2".[31] The false title construction was popularized by Time and indeed is sometimes called a "Time-style adjective".[32][33][34][35]

Sections edit

Milestones edit

Since its first issue, Time has had a "Milestones" section about significant events in the lives of famous people, including births, marriages, divorces, and deaths.[36][37] Until 1967, entries in Milestones were short and formulaic. A typical example from 1956:[38]

Died. Lieut, (j.g.) David Greig ("Skippy") Browning Jr., 24, star of the 1952 Olympics as the U.S.'s dazzling three-meter diving champion, national collegiate one-and three-meter diving champ (1951-52); in the crash of a North American FJ-3 Fury jet fighter while on a training flight; near Rantoul, Kans.

A reader wrote a parody of the older form to announce the change:[39]

Died. Time's delightful but confusing habit of listing names, ages, claims to fame, and other interesting tidbits about the famous newly deceased in its Milestones notices; then the circumstances of, and places where, the deaths occurred; of apparent good sentence structure; in New York.

Listings edit

Until the mid-1970s, Time had a weekly "Listings" section with capsule summaries or reviews of current significant films, plays, musicals, television programs, and literary bestsellers similar to The New Yorker's "Current Events" section.[40]

Cover edit

Time is also known for the red border on its cover, introduced in 1927. The iconic red border was homaged or satirized by Seattle's The Stranger newspaper in 2010.[41] The border has only been changed eight times since 1927:

  • The special issue released shortly after the September 11 attacks on the United States had a black border to symbolize mourning. The next regularly scheduled issue returned to the red border.
  • The Earth Day issue from April 28, 2008, dedicated to environmental issues, had a green border.[42]
  • The issue from September 19, 2011, commemorating the 10th anniversary of September 11 attacks, had a metallic silver border.
  • On December 31, 2012, the cover had a silver border, celebrating Barack Obama's selection as Person of the Year.
  • On November 28 and December 5, 2016, the magazine had a silver border covering the "Most Influential Photos of All Time".
  • The issue from June 15, 2020, covering the protests surrounding the murder of George Floyd, was the first time that the cover's border included names of people. The cover, by artist Titus Kaphar, depicts an African-American mother holding her child.[43]
  • The issues from September 21 and 28, 2020, covering the American response to the coronavirus pandemic, had a black border.[44]
  • The issues from September 26 and October 3, 2022, covering the death of Queen Elizabeth II, had a silver border.[45]

Former president Richard Nixon has been among the most frequently featured on the cover of Time, having appeared 55 times from August 25, 1952, to May 2, 1994.[46]

In October 2020, the magazine replaced its logo with the word "Vote",[47] explaining that "Few events will shape the world to come more than the result of the upcoming US presidential election".[48]

2007 redesign edit

In 2007, Time redesigned the magazine in order to update and modernize the format.[49] Among other changes, the magazine reduced the red cover border to promote featured stories, enlarged column titles, reduced the number of featured stories, increased white space around articles, and accompanied opinion pieces with photographs of the writers. The changes were met with both criticism and praise.[50][51][52]

Special editions edit

Person of the Year edit

Time's most famous feature throughout its history has been the annual "Person of the Year" (formerly "Man of the Year") cover story, in which Time recognizes the individual or group of individuals who have had the biggest impact on news headlines over the past 12 months. The distinction is supposed to go to the person who, "for good or ill", has most affected the course of the year; it is, therefore, not necessarily an honor or a reward. In the past, such figures as Adolf Hitler and Joseph Stalin have been Man of the Year.

In 2006, Person of the Year was "You", and was met with split reviews. Some thought the concept was creative; others wanted an actual person of the year. Editors Pepper and Timmer reflected that, if it had been a mistake, "we're only going to make it once".[53]

In 2017, Time named the "Silence Breakers", people who came forward with personal stories of sexual harassment, as Person of the Year.[54]

Time 100 edit

In recent years, Time has assembled an annual list of the 100 most influential people of the year. Originally, they had made a list of the 100 most influential people of the 20th century. These issues usually have the front cover filled with pictures of people from the list and devote a substantial amount of space within the magazine to the 100 articles about each person on the list. In some cases, over 100 people have been included, as when two people have made the list together, sharing one spot.

The magazine also compiled "All-Time 100 best novels" and "All-Time 100 Movies" lists in 2005,[55][56][57] "The 100 Best TV Shows of All-Time" in 2007,[58] and "All-Time 100 Fashion Icons" in 2012.[59]

In February 2016, Time mistakenly included the male author Evelyn Waugh on its "100 Most Read Female Writers in College Classes" list (he was 97th on the list). The error created much media attention and concerns about the level of basic education among the magazine's staff.[60] Time later issued a retraction.[60] In a BBC interview with Justin Webb, Professor Valentine Cunningham of Corpus Christi College, Oxford, described the mistake as "a piece of profound ignorance on the part of Time magazine".[61]

Red X covers edit

 
Time red X covers: from left to right, Adolf Hitler, Saddam Hussein, Abu Musab al-Zarqawi, and Osama bin Laden

During its history, on six occasions, Time has released a special issue with a cover showing an X scrawled over the face of a man or a national symbol. The first Time magazine with a red X cover was released on May 7, 1945, showing a red X over Adolf Hitler's face which was published the week following his death. The second X cover was released more than three months later on August 20, 1945, with a black X (to date, the magazine's only such use of a black X) covering the flag of Japan, representing the recent surrender of Japan and which signaled the end of World War II. Fifty-eight years later, on April 21, 2003, Time released another issue with a red X over Saddam Hussein's face, two weeks after the start of the Invasion of Iraq. On June 13, 2006, Time printed a red X cover issue following the death of Abu Musab al-Zarqawi in a U.S. airstrike in Iraq. The second most recent red X cover issue of Time was published on May 2, 2011, after the death of Osama bin Laden.[62] As of 2023, the most recent red X cover issue of Time features a red X scrawled over the year 2020 and the declaration "the worst year ever".[63][64]

edit

The November 2, 2020, issue of the U.S. edition of the magazine was the first time that the cover logo "TIME" was not used. The cover of that issue used the word "VOTE" as a replacement logo, along with artwork by Shepard Fairey of a voter wearing a pandemic face mask, accompanied by information on how to vote. The magazine's editor-in-chief and CEO Edward Felsenthal explained this decision for a one-time cover logo change as a "rare moment, one that will separate history into before and after for generations".[48]

Time for Kids edit

Time for Kids is a division magazine of Time that is specially published for children and is mainly distributed in classrooms. TFK contains some national news, a "Cartoon of the Week", and a variety of articles concerning popular culture. An annual issue concerning the environment is distributed near the end of the U.S. school term. The publication rarely exceeds ten pages front and back.

Time LightBox edit

Time LightBox is a photography blog created and curated by the magazine's photo department that was launched in 2011.[65] In 2011, Life picked LightBox for its Photo Blog Awards.[66]

TimePieces NFTs edit

TimePieces is a Web3 community NFT initiative from Time. It included works from over 40 artists from multiple disciplines.[67][68]

Staff edit

Richard Stengel was the managing editor from May 2006 to October 2013, when he joined the U.S. State Department.[69][70] Nancy Gibbs was the managing editor from September 2013 until September 2017.[70] She was succeeded by Edward Felsenthal, who had been Time's digital editor.[71]

Editors edit

Managing editors edit

Managing editor Editor from Editor to
John S. Martin[72] 1929 1937
Manfred Gottfried[72] 1937 1943
T. S. Matthews[72] 1943 1949
Roy Alexander 1949 1960
Otto Fuerbringer 1960 1968
Henry Grunwald 1968 1977
Ray Cave 1979 1985
Jason McManus 1985 1987
Henry Muller 1987 1993
James R. Gaines 1993 1995
Walter Isaacson 1996 2001
Jim Kelly 2001 2005
Richard Stengel 2006 2013
Nancy Gibbs 2013 2017
Edward Felsenthal 2017 2023
Sam Jacobs 2023 present

Notable contributors edit

Snapshot: 1940 editorial staff edit

In 1940, William Saroyan (1908–1981) lists the full Time editorial department in the play Love's Old Sweet Song.[74]

This 1940 snapshot includes:

  • Editor: Henry R. Luce
  • Managing Editors: Manfred Gottfried, Frank Norris, T.S. Matthews
  • Associate Editors: Carlton J. Balliett Jr., Robert Cantwell, Laird S. Goldsborough, David W. Hulburd Jr., John Stuart Martin, Fanny Saul, Walter Stockly, Dana Tasker, Charles Weretenbaker
  • Contributing Editors: Roy Alexander, John F. Allen, Robert W. Boyd Jr., Roger Butterfield, Whittaker Chambers, James G. Crowley, Robert Fitzgerald, Calvin Fixx, Walter Graebner, John Hersey, Sidney L. James, Eliot Janeway, Pearl Kroll, Louis Kronenberger, Thomas K. Krug, John T. McManus, Sherry Mangan, Peter Matthews, Robert Neville, Emeline Nollen, Duncan Norton-Taylor, Sidney A. Olson, John Osborne, Content Peckham, Green Peyton, Williston C. Rich Jr., Winthrop Sargeant, Robert Sherrod, Lois Stover, Leon Svirsky, Felice Swados, Samuel G. Welles Jr., Warren Wilhelm, and Alfred Wright Jr.
  • Editorial Assistants: Ellen May Ach, Sheila Baker, Sonia Bigman, Elizabeth Budelrnan, Maria de Blasio, Hannah Durand, Jean Ford, Dorothy Gorrell, Helen Gwynn, Edith Hind, Lois Holsworth, Diana Jackson, Mary V. Johnson, Alice Lent, Kathrine Lowe, Carolyn Marx, Helen McCreery, Gertrude McCullough, Mary Louise Mickey, Anna North, Mary Palmer, Tabitha Petran, Elizabeth Sacartoff, Frances Stevenson, Helen Vind, Eleanor Welch, and Mary Welles.

Competitors in the US edit

Other major American news magazines include:

See also edit

References edit

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Further reading edit

  • Baughman, James L. (2011), (PDF), Business & Economic History On-Line, vol. 9, archived from the original (PDF) on April 2, 2015, retrieved October 8, 2018
  • Baughman, James L. (April 28, 2004). "Henry R. Luce and the Rise of the American News Media". American Masters. PBS. Retrieved October 8, 2018.
  • Brinkley, Alan (2010). The Publisher: Henry Luce and His American Century. Alfred A. Knopf. ISBN 978-0-3075-9291-0.
  • Brinkley, Alan (April 19, 2010). . Time. Archived from the original on April 11, 2010.
  • Elson, Robert T. Time Inc: The Intimate History of a Publishing Enterprise, 1923–1941 (1968); vol. 2: The World of Time Inc.: The Intimate History, 1941–1960 (1973), official corporate history. vol 1 online also vol 2 online
  • Herzstein, Robert E. Henry R. Luce, Time, and the American Crusade in Asia (2006) online
  • Herzstein, Robert E. Henry R. Luce: A Political Portrait of the Man Who Created the American Century (1994). online
  • Maslin, Janet (April 20, 2010). "A Magazine Master Builder". Book review. The New York Times. p. C1. Retrieved April 20, 2010.
  • Wilner, Isaiah (2006). The Man Time Forgot: A Tale of Genius, Betrayal, and the Creation of Time Magazine. New York: HarperCollins. ISBN 978-0-0617-4726-7.

External links edit

  • Time official website
  • Time magazine vault – archive of magazines and covers from 1923 through present
  • Time October 18, 2019, at the Wayback Machine articles by Whittaker Chambers 1939–1948 – Time on the Hiss Case, 1948–1953
  • Archived Time Magazines on the Internet Archive
  • TimeLine: 4535 Time Magazine Covers, 1923–2009 by Lev Manovich and Jeremy Douglass. A 2009 Cultural Analytics Lab project.

time, magazine, time, redirects, here, time, measure, time, other, uses, time, disambiguation, confused, with, times, time, stylized, caps, time, american, news, magazine, based, york, city, nearly, century, published, weekly, starting, march, 2020, transition. TIME redirects here For time as a measure see Time For other uses see Time disambiguation Not to be confused with The Times Time stylized in all caps as TIME is an American news magazine based in New York City For nearly a century it was published weekly but starting in March 2020 it transitioned to every other week 2 3 It was first published in New York City on March 3 1923 and for many years it was run by its influential co founder Henry Luce TimeCover of the February 2023 issue which highlighted the ongoing AI springEditor in chiefSam JacobsCategoriesNews magazineFrequencyWeekly 1923 2020 twice monthly on Fridays 2020 present Total circulation 2023 1 256 572 1 First issueMarch 3 1923 100 years ago 1923 03 03 CompanyTime Inc 1923 1990 2014 2018 Time Warner 1990 2014 Meredith Corporation 2018 Time USA LLC Marc amp Lynne Benioff 2018 present CountryUnited StatesBased inNew York CityLanguageEnglishWebsitetime wbr comISSN0040 781XOCLC1311479A European edition Time Europe formerly known as Time Atlantic is published in London and also covers the Middle East Africa and since 2003 Latin America An Asian edition Time Asia is based in Hong Kong 4 The South Pacific edition which covers Australia New Zealand and the Pacific Islands is based in Sydney Since 2018 Time has been owned by Salesforce founder Marc Benioff who acquired it from Meredith Corporation Benioff currently publishes the magazine through the company Time USA LLC Contents 1 History 1 1 20th century 1 2 21st century 1 3 Time Canada 2 Circulation 3 Style 3 1 Writing 3 2 Sections 3 2 1 Milestones 3 2 2 Listings 3 3 Cover 3 4 2007 redesign 4 Special editions 4 1 Person of the Year 4 2 Time 100 4 3 Red X covers 4 4 Cover logo replaced by Vote logo 5 Time for Kids 6 Time LightBox 7 TimePieces NFTs 8 Staff 8 1 Editors 8 2 Managing editors 8 3 Notable contributors 8 4 Snapshot 1940 editorial staff 9 Competitors in the US 10 See also 11 References 12 Further reading 13 External linksHistory edit20th century edit nbsp The cover of the first issue of Time on March 3 1923 featuring Speaker of the House Joseph G CannonTime has been based in New York City since its first issue published on March 3 1923 by Briton Hadden 1898 1929 and Henry Luce 1898 1967 It was the first weekly news magazine in the United States 5 The two had previously worked together as chairman and managing editor respectively of the Yale Daily News They first called the proposed magazine Facts wanting to emphasize brevity so a busy man could read it in an hour They changed the name to Time and used the slogan Take Time It s Brief 6 Hadden was considered carefree and liked to tease Luce He saw Time as important but also fun which accounted for its heavy coverage of celebrities and politicians the entertainment industry and pop culture criticizing it as too light for serious news Time set out to tell the news through people and until the late 1960s the magazine s cover depicted a single person More recently Time has incorporated People of the Year issues which grew in popularity over the years The first issue of Time featured Joseph G Cannon the retired Speaker of the House of Representatives on its cover a facsimile reprint of Issue No 1 including all of the articles and advertisements contained in the original was included with copies of the magazine s issue from February 28 1938 in commemoration of its 15th anniversary 7 The cover price was 15 equivalent to 2 58 in 2022 Following Hadden s death in 1929 Luce became the dominant man at Time and a major figure in the history of 20th century media According to Time Inc The Intimate History of a Publishing Enterprise 1972 2004 by Robert Elson Roy Edward Larsen was to play a role second only to Luce s in the development of Time Inc In his book The March of Time 1935 1951 Raymond Fielding also noted that Larsen was originally circulation manager and then general manager of Time later publisher of Life for many years president of Time Inc and in the long history of the corporation the most influential and important figure after Luce citation needed Around the time they were raising 100 000 from wealthy Yale University alumni including Henry P Davison partner of J P Morgan amp Co publicity man Martin Egan and J P Morgan amp Co banker Dwight Morrow Henry Luce and Briton Hadden hired Larsen in 1922 Larsen was a Harvard University graduate and Luce and Hadden were Yale graduates After Hadden died in 1929 Larsen purchased 550 shares of Time Inc using money he obtained from selling RKO stock he had inherited from his father who was the head of the Benjamin Franklin Keith theater chain in New England However after Briton Hadden s death the largest Time Inc stockholder was Henry Luce who ruled the media conglomerate in an autocratic fashion at his right hand was Larsen Time Inc s second largest stockholder according to Time Inc The Intimate History of a Publishing Enterprise 1923 1941 In 1929 Roy Larsen was also named a Time Inc director and vice president J P Morgan retained a certain control through two directorates and a share of stocks both over Time and Fortune Other shareholders were Brown Brothers Harriman amp Co and the New York Trust Company Standard Oil citation needed After Time began publishing weekly in March 1923 Roy Larsen was able to increase its circulation by using U S radio and movie theaters around the world It often promoted both Time magazine and U S political and corporate interests According to The March of Time as early as 1924 Larsen had brought Time into the infant radio business with the broadcast of a 15 minute sustaining quiz show entitled Pop Question which survived until 1925 Then in 1928 Larsen undertook the weekly broadcast of a 10 minute programme series of brief news summaries drawn from current issues of Time magazine which was originally broadcast over 33 stations throughout the United States citation needed Larsen next arranged for the 30 minute radio program The March of Time to be broadcast over CBS beginning on March 6 1931 Each week the program presented a dramatization of the week s news for its listeners thus Time magazine itself was brought to the attention of millions previously unaware of its existence according to Time Inc The Intimate History of a Publishing Enterprise 1923 1941 leading to increased circulation during the 1930s Between 1931 and 1937 Larsen s The March of Time radio program was broadcast over CBS radio and between 1937 and 1945 it was broadcast over NBC radio except between 1939 and 1941 when it was not aired People magazine was based on Time s People page Time Inc stock owned by Luce at the time of his death was worth about 109 million 957 million in 2022 and it had been yielding him a yearly dividend of more than 2 4 million 21 1 million in 2022 according to Curtis Prendergast s The World of Time Inc The Intimate History of a Changing Enterprise 1957 1983 The Larsen family s Time Inc stock was worth around 80 million during the 1960s and Roy Larsen was both a Time Inc director and the chairman of its executive committee later serving as Time Inc s board s vice chairman until the middle of 1979 On September 10 1979 The New York Times wrote Mr Larsen was the only employee in the company s history given an exemption from its policy of mandatory retirement at age 65 In 1987 Jason McManus succeeded Henry Grunwald as editor in chief 8 and oversaw the transition before Norman Pearlstine succeeded him in 1995 In 1989 when Time Inc and Warner Communications merged Time became part of Time Warner along with Warner Bros 21st century edit In 2000 Time became part of AOL Time Warner which reverted to the name Time Warner in 2003 In 2007 Time moved from a Monday subscription newsstand delivery to a schedule where the magazine goes on sale Fridays and is delivered to subscribers on Saturday The magazine was published on Fridays when it began in 1923 In early 2007 the year s first issue was delayed for roughly a week due to editorial changes including the layoff of 49 employees 9 In 2009 Time announced that they were introducing Mine a personalized print magazine mixing content from a range of Time Warner publications based on the reader s preferences The new magazine was met with a poor reception with criticism that its focus was too broad to be truly personal 10 The magazine has an online archive with the unformatted text for every article published The articles are indexed and were converted from scanned images using optical character recognition technology The minor errors in the text are remnants of the conversion to the digital format In January 2013 Time Inc announced that it would cut nearly 500 jobs roughly 6 of its 8 000 staff worldwide 11 Although Time magazine has maintained high sales its ad pages have declined significantly 12 Also in January 2013 Time Inc named Martha Nelson as the first female editor in chief of its magazine division 13 In September 2013 Nancy Gibbs was named as the first female managing editor of Time magazine 13 In November 2017 Meredith Corporation announced its acquisition of Time Inc backed by Koch Equity Development 14 In 2017 editor and journalist Catherine Mayer who also founded the Women s Equality Party in the UK sued Time through attorney Ann Olivarius for sex and age discrimination 15 16 The suit was resolved in 2018 17 In March 2018 only six weeks after the closure of the sale Meredith announced that it would explore the sale of Time and sister magazines Fortune Money and Sports Illustrated since they did not align with the company s lifestyle brands 18 In October 2018 Meredith Corporation sold Time to Marc Benioff and his wife Lynne for 190 million Although Benioff is the chairman and co CEO of Salesforce com Time was to remain separate from that company and Benioff would not be involved in the magazine s daily operations 19 20 In late April 2023 Time announced the elimination of the website s paywall effective June 1 2023 21 Time Canada edit From 1942 until 1979 Time had a Canadian edition that included an insert of five pages of locally produced content as well as occasional Canadian covers Following changes in the tax status of Canadian editions of American magazines Time closed Canadian bureaus except for Ottawa and published identical content to the US edition but with Canadian advertising 22 In December 2008 Time discontinued publishing a Canadian edition 23 Circulation editDuring the second half of 2009 the magazine had a 34 9 decline in newsstand sales 24 During the first half of 2010 another decline of at least one third in Time magazine sales occurred In the second half of 2010 Time magazine newsstand sales declined by about 12 to just over 79 000 copies per week citation needed As of 2012 it had a circulation of 3 3 million making it the 11th most circulated magazine in the United States and the second most circulated weekly behind People 25 As of July 2017 its circulation was 3 028 013 1 In October 2017 Time cut its circulation to two million 26 Time currently has 1 3 million print subscribers and 250 000 digital subscribers 27 Style editWriting edit Time initially possessed a distinctively acerbic irreverent style largely created by Haddon and sometimes called Timestyle 28 Timestyle made regular use of inverted sentences as famously parodied in 1936 by Wolcott Gibbs in The New Yorker Backward ran sentences until reeled the mind Where it all will end knows God 29 Time also coined or popularized many neologisms like socialite guesstimate televangelist pundit and tycoon 28 as well as some less successful ones like cinemactress and radiorator 30 Time introduced the names World War I and World War II in 1939 as opposed to older forms like First World War and World War No 2 31 The false title construction was popularized by Time and indeed is sometimes called a Time style adjective 32 33 34 35 Sections edit Milestones edit Since its first issue Time has had a Milestones section about significant events in the lives of famous people including births marriages divorces and deaths 36 37 Until 1967 entries in Milestones were short and formulaic A typical example from 1956 38 Died Lieut j g David Greig Skippy Browning Jr 24 star of the 1952 Olympics as the U S s dazzling three meter diving champion national collegiate one and three meter diving champ 1951 52 in the crash of a North American FJ 3 Fury jet fighter while on a training flight near Rantoul Kans A reader wrote a parody of the older form to announce the change 39 Died Time s delightful but confusing habit of listing names ages claims to fame and other interesting tidbits about the famous newly deceased in its Milestones notices then the circumstances of and places where the deaths occurred of apparent good sentence structure in New York Listings edit Until the mid 1970s Time had a weekly Listings section with capsule summaries or reviews of current significant films plays musicals television programs and literary bestsellers similar to The New Yorker s Current Events section 40 Cover edit Time is also known for the red border on its cover introduced in 1927 The iconic red border was homaged or satirized by Seattle s The Stranger newspaper in 2010 41 The border has only been changed eight times since 1927 The special issue released shortly after the September 11 attacks on the United States had a black border to symbolize mourning The next regularly scheduled issue returned to the red border The Earth Day issue from April 28 2008 dedicated to environmental issues had a green border 42 The issue from September 19 2011 commemorating the 10th anniversary of September 11 attacks had a metallic silver border On December 31 2012 the cover had a silver border celebrating Barack Obama s selection as Person of the Year On November 28 and December 5 2016 the magazine had a silver border covering the Most Influential Photos of All Time The issue from June 15 2020 covering the protests surrounding the murder of George Floyd was the first time that the cover s border included names of people The cover by artist Titus Kaphar depicts an African American mother holding her child 43 The issues from September 21 and 28 2020 covering the American response to the coronavirus pandemic had a black border 44 The issues from September 26 and October 3 2022 covering the death of Queen Elizabeth II had a silver border 45 Former president Richard Nixon has been among the most frequently featured on the cover of Time having appeared 55 times from August 25 1952 to May 2 1994 46 In October 2020 the magazine replaced its logo with the word Vote 47 explaining that Few events will shape the world to come more than the result of the upcoming US presidential election 48 2007 redesign edit In 2007 Time redesigned the magazine in order to update and modernize the format 49 Among other changes the magazine reduced the red cover border to promote featured stories enlarged column titles reduced the number of featured stories increased white space around articles and accompanied opinion pieces with photographs of the writers The changes were met with both criticism and praise 50 51 52 Special editions editPerson of the Year edit Main article Time Person of the Year Time s most famous feature throughout its history has been the annual Person of the Year formerly Man of the Year cover story in which Time recognizes the individual or group of individuals who have had the biggest impact on news headlines over the past 12 months The distinction is supposed to go to the person who for good or ill has most affected the course of the year it is therefore not necessarily an honor or a reward In the past such figures as Adolf Hitler and Joseph Stalin have been Man of the Year In 2006 Person of the Year was You and was met with split reviews Some thought the concept was creative others wanted an actual person of the year Editors Pepper and Timmer reflected that if it had been a mistake we re only going to make it once 53 In 2017 Time named the Silence Breakers people who came forward with personal stories of sexual harassment as Person of the Year 54 Time 100 edit Main article Time 100 In recent years Time has assembled an annual list of the 100 most influential people of the year Originally they had made a list of the 100 most influential people of the 20th century These issues usually have the front cover filled with pictures of people from the list and devote a substantial amount of space within the magazine to the 100 articles about each person on the list In some cases over 100 people have been included as when two people have made the list together sharing one spot The magazine also compiled All Time 100 best novels and All Time 100 Movies lists in 2005 55 56 57 The 100 Best TV Shows of All Time in 2007 58 and All Time 100 Fashion Icons in 2012 59 In February 2016 Time mistakenly included the male author Evelyn Waugh on its 100 Most Read Female Writers in College Classes list he was 97th on the list The error created much media attention and concerns about the level of basic education among the magazine s staff 60 Time later issued a retraction 60 In a BBC interview with Justin Webb Professor Valentine Cunningham of Corpus Christi College Oxford described the mistake as a piece of profound ignorance on the part of Time magazine 61 Red X covers edit nbsp Time red X covers from left to right Adolf Hitler Saddam Hussein Abu Musab al Zarqawi and Osama bin LadenDuring its history on six occasions Time has released a special issue with a cover showing an X scrawled over the face of a man or a national symbol The first Time magazine with a red X cover was released on May 7 1945 showing a red X over Adolf Hitler s face which was published the week following his death The second X cover was released more than three months later on August 20 1945 with a black X to date the magazine s only such use of a black X covering the flag of Japan representing the recent surrender of Japan and which signaled the end of World War II Fifty eight years later on April 21 2003 Time released another issue with a red X over Saddam Hussein s face two weeks after the start of the Invasion of Iraq On June 13 2006 Time printed a red X cover issue following the death of Abu Musab al Zarqawi in a U S airstrike in Iraq The second most recent red X cover issue of Time was published on May 2 2011 after the death of Osama bin Laden 62 As of 2023 update the most recent red X cover issue of Time features a red X scrawled over the year 2020 and the declaration the worst year ever 63 64 Cover logo replaced by Vote logo edit The November 2 2020 issue of the U S edition of the magazine was the first time that the cover logo TIME was not used The cover of that issue used the word VOTE as a replacement logo along with artwork by Shepard Fairey of a voter wearing a pandemic face mask accompanied by information on how to vote The magazine s editor in chief and CEO Edward Felsenthal explained this decision for a one time cover logo change as a rare moment one that will separate history into before and after for generations 48 Time for Kids editMain article Time for Kids Time for Kids is a division magazine of Time that is specially published for children and is mainly distributed in classrooms TFK contains some national news a Cartoon of the Week and a variety of articles concerning popular culture An annual issue concerning the environment is distributed near the end of the U S school term The publication rarely exceeds ten pages front and back Time LightBox editTime LightBox is a photography blog created and curated by the magazine s photo department that was launched in 2011 65 In 2011 Life picked LightBox for its Photo Blog Awards 66 TimePieces NFTs editTimePieces is a Web3 community NFT initiative from Time It included works from over 40 artists from multiple disciplines 67 68 Staff editRichard Stengel was the managing editor from May 2006 to October 2013 when he joined the U S State Department 69 70 Nancy Gibbs was the managing editor from September 2013 until September 2017 70 She was succeeded by Edward Felsenthal who had been Time s digital editor 71 Editors edit Briton Hadden 1923 1929 Henry Luce 1929 1949 T S Matthews 1949 1953 Roy Alexander 1960 1966 Managing editors edit This section needs additional citations for verification Please help improve this article by adding citations to reliable sources in this section Unsourced material may be challenged and removed Find sources Time magazine news newspapers books scholar JSTOR March 2020 Learn how and when to remove this template message Managing editor Editor from Editor toJohn S Martin 72 1929 1937Manfred Gottfried 72 1937 1943T S Matthews 72 1943 1949Roy Alexander 1949 1960Otto Fuerbringer 1960 1968Henry Grunwald 1968 1977Ray Cave 1979 1985Jason McManus 1985 1987Henry Muller 1987 1993James R Gaines 1993 1995Walter Isaacson 1996 2001Jim Kelly 2001 2005Richard Stengel 2006 2013Nancy Gibbs 2013 2017Edward Felsenthal 2017 2023Sam Jacobs 2023 presentNotable contributors edit Aravind Adiga correspondent for three years winner of the 2008 Man Booker Prize for fiction James Agee book and movie editor Curt Anderson member of the Maryland House of Delegates Ann Blackman deputy news chief in Washington 73 Ian Bremmer current editor at large Margaret Carlson the first female columnist Robert Cantwell writer editor 1936 1941 Whittaker Chambers writer senior editor 1939 1948 Richard Corliss film critic since 1980 Brad Darrach film critic Nigel Dennis drama critic John Gregory Dunne reporter later author and screenwriter Peter Economy author and editor Alexander Eliot art editor 1945 1961 author of 18 books on art mythology and history John T Elson religion editor who wrote famous 1966 Is God Dead cover story Dean E Fischer reporter and editor 1964 1981 Nancy Gibbs essayist and editor at large has written more than 100 cover stories Lev Grossman wrote primarily about books and technology Deena Guzder human rights journalist and author Wilder Hobson reporter in 1930s and 40s Robert Hughes long tenured art critic Pico Iyer essayist and novelist essayist since 1986 Alvin M Josephy Jr photo editor 1952 1960 also a historian and Hollywood screenwriter Stanley Karnow reporter later author Weldon Kees critic Joe Klein author Primary Colors and columnist who wrote the In the Arena column Louis Kronenberger drama critic 1938 1961 Andre Laguerre Paris bureau chief 1948 1956 London bureau chief 1951 1956 also wrote about sports later managing editor of Sports Illustrated Nathaniel Lande author filmmaker and former creative director Will Lang Jr 1936 1968 Time Life International Marshall Loeb writer and editor 1956 1980 Tim McGirk war correspondent and bureau chief in South Asia Latin America and Jerusalem 1998 2009 John Moody Vatican and Rome correspondent 1986 1996 Jim Murray West Coast correspondent 1948 1955 Lance Morrow backpage essayist from 1976 to 2000 Roger Rosenblatt essayist 1979 2006 Richard Schickel film critic 1965 2010 Hugh Sidey political reporter and columnist beginning in 1957 Donald L Barlett and James B Steele investigative reporters who won two National Magazine Awards Joel Stein columnist who wrote the Joel 100 just after the 2006 Most Influential issue Calvin Trillin food writer and reporter 1960 1963 David Von Drehle current editor at large Lasantha Wickrematunge journalist Robert Wright contributing editor Fareed Zakaria current editor at large Phạm Xuan Ẩn Saigon correspondent and Viet Cong spy 1966 1975Snapshot 1940 editorial staff edit In 1940 William Saroyan 1908 1981 lists the full Time editorial department in the play Love s Old Sweet Song 74 This 1940 snapshot includes Editor Henry R Luce Managing Editors Manfred Gottfried Frank Norris T S Matthews Associate Editors Carlton J Balliett Jr Robert Cantwell Laird S Goldsborough David W Hulburd Jr John Stuart Martin Fanny Saul Walter Stockly Dana Tasker Charles Weretenbaker Contributing Editors Roy Alexander John F Allen Robert W Boyd Jr Roger Butterfield Whittaker Chambers James G Crowley Robert Fitzgerald Calvin Fixx Walter Graebner John Hersey Sidney L James Eliot Janeway Pearl Kroll Louis Kronenberger Thomas K Krug John T McManus Sherry Mangan Peter Matthews Robert Neville Emeline Nollen Duncan Norton Taylor Sidney A Olson John Osborne Content Peckham Green Peyton Williston C Rich Jr Winthrop Sargeant Robert Sherrod Lois Stover Leon Svirsky Felice Swados Samuel G Welles Jr Warren Wilhelm and Alfred Wright Jr Editorial Assistants Ellen May Ach Sheila Baker Sonia Bigman Elizabeth Budelrnan Maria de Blasio Hannah Durand Jean Ford Dorothy Gorrell Helen Gwynn Edith Hind Lois Holsworth Diana Jackson Mary V Johnson Alice Lent Kathrine Lowe Carolyn Marx Helen McCreery Gertrude McCullough Mary Louise Mickey Anna North Mary Palmer Tabitha Petran Elizabeth Sacartoff Frances Stevenson Helen Vind Eleanor Welch and Mary Welles Competitors in the US editOther major American news magazines include The Atlantic 1857 Bloomberg Businessweek 1929 Mother Jones 1976 The Nation 1865 National Review 1955 The New Republic 1914 The New Yorker 1925 Newsmax 1998 Newsweek 1933 U S News amp World Report 1923 The Weekly Standard 1995 2018 See also editHeroes of the Environment Lists of covers of Time magazine The New York TimesReferences edit a b Consumer Magazines Covers from 2020 Time Archived from the original on February 3 2022 Retrieved February 3 2022 On This Day Time magazine publishes for first time UPI March 3 2023 Retrieved November 7 2023 Time Asia Hong Kong Limited Buying Office Service Company Distributor from Hong Kong HKTDC Archived from the original on July 14 2020 Retrieved January 14 2020 History of Time Time Archived from the original on March 4 2005 Brinkley The Publisher pp 88 89 TIME MAGAZINE First Issue March 3 1923 Instant History Bryce Zabel com March 2 2006 Archived from the original on June 24 2013 Retrieved January 26 2014 Levin 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2020 Archived from the original on October 31 2020 Retrieved October 26 2020 a b Felsenthal Edward October 22 2020 Time Replaced Its Logo on the Cover For the First Time in Its Nearly 100 Year History Here s Why We Did It Time Archived from the original on October 24 2020 Retrieved October 25 2020 Reinventing Time magazine Features Digital Arts Archived from the original on November 8 2021 Retrieved November 8 2021 Hagan Joe March 4 2007 The Time of Their Lives New York Archived from the original on October 9 2019 Retrieved August 22 2012 Nussbaum Bruce March 25 2007 Does The Redesign of Time Magazine Mean It Has A New Business Model As Well Bloomberg Businessweek Archived from the original on August 18 2012 Retrieved August 22 2012 Will George F December 21 2006 Full Esteem Ahead The Washington Post Archived from the original on October 18 2017 Retrieved September 16 2017 Hagan Joe March 2 2007 The Time of Their Lives New York Archived from the original on October 9 2019 Retrieved 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woman BBC News February 26 2016 Archived from the original on September 30 2018 Retrieved July 21 2018 Gustini Ray May 2 2011 A Brief History of Time Magazine s X Covers The Wire Archived from the original on June 23 2016 Retrieved August 15 2014 Waxman Olivia A December 5 2020 The History Behind Time s Use of a Red X on Its Cover Time Archived from the original on December 8 2020 Retrieved December 8 2020 Ritschel Chelsea December 8 2020 Time Declares 2020 the Worst Year Ever On Its Latest Cover The Independent London Archived from the original on December 7 2020 Retrieved December 8 2020 Laurent Olivier July 31 2013 Changing Time How LightBox has renewed Time s commitment to photography British Journal of Photography Archived from the original on January 18 2015 Retrieved January 6 2015 Life com s 2011 Photo Blog Awards Life Archived from the original on January 6 2012 Retrieved June 8 2022 The citation reads Elegant and commanding intimate and worldly Time magazine s beautifully designed LightBox blog is an essential destination for those who appreciate contemporary photography Much more than photojournalism Lightbox which like LIFE com is owned by Time Inc explores today s new documentary and fine art photography from the perspective of the photo editors at Time arguably the strongest editors working in their field today LightBox offers fascinating dispatches from every corner of the world What is TimePieces Time 2022 Archived from the original on June 20 2022 Retrieved June 20 2022 Time is partering sic with The Sandbox to build Time Square in the metaverse The Sandbox June 20 2022 Archived from the original on June 20 2022 Retrieved June 20 2022 Richard Stengel Time July 30 2012 Archived from the original on March 5 2012 Retrieved August 22 2012 a b Maza Erik September 17 2013 Nancy Gibbs Named Time s Managing Editor Women s Wear Daily Archived from the original on December 5 2013 Retrieved September 17 2013 Snider Mike September 14 2017 Time magazine names Edward Felsenthal as new editor in chief USA Today Archived from the original on October 26 2017 Retrieved October 26 2017 a b c Guide to the Time Inc Records Overview 1853 2015 New York Historical Society July 23 2018 Archived from the original on March 20 2021 Retrieved October 8 2018 Blackman Ann Ann Blackman Off to Save the World How Julia Taft Made a Difference Promotional website Archived from the original on May 7 2013 Retrieved January 28 2012 Saroyan William 1940 Love s Old Sweet Song A Play in Three Acts Samuel French pp 71 73 Retrieved July 15 2017 Further reading editBaughman James L 2011 Henry R Luce and the Business of Journalism PDF Business amp Economic History On Line vol 9 archived from the original PDF on April 2 2015 retrieved October 8 2018 Baughman James L April 28 2004 Henry R Luce and the Rise of the American News Media American Masters PBS Retrieved October 8 2018 Brinkley Alan 2010 The Publisher Henry Luce and His American Century Alfred A Knopf ISBN 978 0 3075 9291 0 Brinkley Alan April 19 2010 What Would Henry Luce Make of the Digital Age Time Archived from the original on April 11 2010 Elson Robert T Time Inc The Intimate History of a Publishing Enterprise 1923 1941 1968 vol 2 The World of Time Inc The Intimate History 1941 1960 1973 official corporate history vol 1 online also vol 2 online Herzstein Robert E Henry R Luce Time and the American Crusade in Asia 2006 online Herzstein Robert E Henry R Luce A Political Portrait of the Man Who Created the American Century 1994 online Maslin Janet April 20 2010 A Magazine Master Builder Book review The New York Times p C1 Retrieved April 20 2010 Wilner Isaiah 2006 The Man Time Forgot A Tale of Genius Betrayal and the Creation of Time Magazine New York HarperCollins ISBN 978 0 0617 4726 7 External links editTime official website nbsp Wikimedia Commons has media related to Time Magazine nbsp Wikisource has original works on the topic Time magazine Time magazine vault archive of magazines and covers from 1923 through present Time Archived October 18 2019 at the Wayback Machine articles by Whittaker Chambers 1939 1948 Time on the Hiss Case 1948 1953 Archived Time Magazines on the Internet Archive TimeLine 4535 Time Magazine Covers 1923 2009 by Lev Manovich and Jeremy Douglass A 2009 Cultural Analytics Lab project Portals nbsp Journalism nbsp United States Retrieved from https en wikipedia org w index php title Time magazine amp oldid 1196015406, wikipedia, wiki, book, books, library,

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