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''Time'' (trademarked in capitals as ''TIME'') is an American newsmagazine, similar to ''Newsweek'' and ''U.S. News & World Report.'' A European edition (''Time Europe'', formerly known as ''Time Atlantic'') is published from London. ''Time Europe'' covers the Middle East, Africa and, since 2003, Latin America. An Asian edition (''Time Asia'') is based in Hong Kong. As of 2009, ''Time'' no longer publishes a Canadian advertiser edition. The South Pacific edition, covering Australia, New Zealand and the Pacific Islands, is based in Sydney. In some advertising campaigns, the magazine has suggested that, through a backronym, the letters ''T-I-M-E'' stand for ''The International Magazine of Events''.

As of mid-2006, Richard Stengel is the managing editor.

History

On 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.''

Around the time they were raising US$100,000 from rich Yale alumni like 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 - although Larsen was a Harvard 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 which he had inherited from his father, who was the head of the B.F. Keith theatre 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 a Time Inc. vice-president.

By the time of Henry Luce's death in 1967, the Time Inc. stock which Luce owned was worth about US$109 million and yielded him a yearly dividend income of more than US$2.4 million, according to ''The World of Time Inc: The Intimate History Of A Changing Enterprise 1960–1989'' by Curtis Prendergast. The value of the Larsen family's Time Inc. stock was now worth about $80 million during the 1960s and Roy Larsen was both a Time Inc. director and the chairman of its Executive Committee, before serving as Time Inc.'s vice-chairman of the board until the middle of 1979. According to the September 10, 1979 issue of ''The New York Times'', ''Mr. Larsen was the only employee in the company's history given an exemption from its policy of mandatory retirement at age 65.''

After ''Time'' magazine began publishing its weekly issues in March 1923, Roy Larsen was able to increase its circulation by utilizing 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, according to the same book, ''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.''

Larsen next arranged for a 30-minute radio programme, ''The March of Time'', to be broadcast over CBS, beginning on March 6, 1931. Each week, the programme presented a dramatisation 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 an increased circulation of the magazine during the 1930s. Between 1931 and 1937, Larsen's ''The March of Time'' radio programme was broadcast over CBS radio and between 1937 and 1945 it was broadcast over NBC radio - except for the 1939 to 1941 period when it was not aired. ''People Magazine'' was based on ''Time'''s People page.

2000s

Since 2000, the magazine has been part of AOL Time Warner, which subsequently reverted to the name Time Warner in 2007.

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 actually began in 1923 with Friday publication.

During early 2007, the year's first issue was delayed for approximately a week due to ''editorial changes.'' The changes included the job losses of 49 employees.

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

Circulation

In 2007, ''Time'''s paid circulation dropped to 3.4 million.

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. There are still minor errors in the text that are remnants of the conversion into text.

At the end of 2008, Time discontinued publication of its Canadian edition, which has been in existence for over 60 years.

Style

The distinctive ''Time'' writing style was parodied in 1936 by Wolcott Gibbs in an article in ''The New Yorker'': ''Backward ran sentences until reeled the mind […] Where it all will end, knows God!'' The early days of incessantly inverted sentences, ''beady-eyed tycoons'' and ''great and good friends'', however, have long since vanished.

Up until the mid-1970s or so, ''Time'' had a weekly section called ''Listings'', which contained capsule summaries and/or reviews of then-current significant films, plays, musicals, television programs, and literary bestsellers, much like ''The New Yorker'''s section ''Current Events''.

In 2007, ''Time'' engineered a style overhaul of the magazine. Among other changes, the magazine reduced the red cover border in order 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 have met both criticism and praise.

Legal controversy

On September 10, 2007, the Supreme Court of Indonesia awarded former Indonesian President Suharto damages against ''Time Asia'' magazine, ordering it to pay him one trillion rupiah ($128.59 million) for libel. The High Court reversed the judgment of the Appeal Court and Central Jakarta District Court (made in 2000 and 2001). Suharto claimed more than US$27 billion ($32bn) in the suit against US-based ''Time'' over a 1999 article which published that he transferred stolen money abroad.

Person of the Year

Controversy has occasionally arisen because of the designation of alleged dictators and warmongers as ''Persons of the Year''. 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 2001, Time was accused of giving way to political correctness when it named Rudy Giuliani Person of the Year instead of Osama bin Laden.

In 2006 the Person of the Year was designated as ''You'', a move that was met with split reviews. Some thought the concept was creative; others wanted an actual person of the year. Others stated, again, that it was due to perceptions of misguided patriotism for many assumed the just bearer of the title to be the President of Venezuela Hugo Chávez. Editor Stengel reflected that, if it had been a mistake, ''we're only going to make it once.''

In 2008, the person of the year was Barack Obama, with Sarah Palin as a runner up.

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 of the people on the list. There have, in some cases, been over 100 people, when two people have made the list together, sharing one spot.

''Time For Kids''

Written by young reporters, ''Time For Kids'' is a division magazine of ''Time'' that is especially 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 hardly ever reaches above fifteen pages front and back. It is used in many libraries.

Notable contributors