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Information about Time Magazine

“TIME” redirects here. For other uses, see Time (disambiguation).


Time
Enlarge picture
Time's first cover (March 3, 1923)
Time's first cover (March 3, 1923)
EditorRichard Stengel
CategoriesNewsmagazine
FrequencyWeekly
Circulation4,038,509 per week[1]
(within the U.S.)
First issueMarch 3 1923
CompanyTime Inc. (Time Warner)
Country United States
LanguageEnglish
Websitewww.time.com
ISSN0040-781X
Time (whose trademark is capitalized TIME) is a weekly 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. Time publishes simultaneously in Canada, with separate advertising. 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 TIME stand for "The International Magazine of Events."

Richard Stengel is the current managing editor of Time; Priscilla Painton, Adi Ignatius and Michael Elliott are the current deputy managing editors.

History

Time was created in 1923 by Briton Hadden and Henry Luce, making it the first weekly news magazine in the United States. The two had previously worked together as chairman and managing editor of the Yale Daily News and considered calling the magazine Facts.[2] Hadden was a rather carefree figure, who liked to tease Luce and saw Time as something important but also fun. That accounts for its tone, which many people still criticize as too light for serious news and more suited to its heavy coverage of celebrities (including politicians), the entertainment industry, and pop culture. It set out to tell the news through people, and for many decades the magazine's cover was of a single person. The first issue of Time'' was published on March 3, 1923, featuring on its cover Joseph G. Cannon, the retired Speaker of the United States House of Representatives.

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.

At the time of Henry Luce's death in 2002, 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 theatres around the world to promote both "Time" magazine and the politics of the U.S. corporate interests which Time Inc. served. According to "The March of Time, 1935-1951" book, "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 program 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 program, titled "The March of Time", to be broadcast over CBS, beginning on March 6, 1931. Each week, his "The March of Time" radio program presented a dramatization of the week's news for its listeners. As a result of this radio program, "Time" magazine 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", and this led to an increased circulation of the magazine 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 for the 1939 to 1941 period when it was not aired.

People Magazine was based on Time's People page.

Time became part of Time Warner in 1989 when Warner Communications and Time, Inc. merged. Since 2000, the magazine has been part of AOL Time Warner, which subsequently 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 Saturday subscription delivery.[3] The magazine actually began in 1923 with Friday publication.

In the beginning of 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.[4]

Circulation

As of June 2007, Time's lead over rival Newsweek is reported to have narrowed, with circulation at 3.4 million, down from over 4 million during the same period in 2006.[5]

The magazine has an online archive with the ASCII 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.

Style

Time has always had its own writing style, parodied most famously 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 and "beady-eyed tycoons" and "great and good friends", however, have long since vanished.

The magazine still follows French spellings for some words, such as élite (with an accent).

Time is also known for its signature red border, introduced in 1927, which only changed once since then – the issue released shortly after the September 11, 2001 attacks on the United States, which featured a black border to symbolize mourning. However, this edition was a special "extra" edition published quickly for the breaking news of the event; the next "regular" issue featured the red border. The December 1941 issue of TIME was intended to have Disney's recent film Dumbo on the cover, but it was dropped due to the attack on Pearl Harbor.

In 2007, Time engineered a style overhaul of the magazine aimed at appealing to a younger generation. Among other changes, the magazine reduced the red cover border in order to advertise featured stories, enlarged column titles, increased white space around articles, and accompanied opinion pieces with photographs of the writers. The changes have met both criticism and praise.[6][7] [8]

Legal Controversy

On September 10, 2007, 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 $US27bn ($32bn) in the suit against US-based Time Magazine over a 1999 article which published that he transferred stolen money abroad.[9]

Person of the Year

Main article: Person of the Year
The magazine's most famous feature over its 83 years 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 effect on the year's news. Despite the title, the recipient is not necessarily an individual — for instance, on January 3, 1983 the personal computer was recognized as "Machine of the Year" (Time.com). In 1999, Albert Einstein was chosen by Time as Person of the Century.

Controversy has occasionally arisen because of the designation of 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. Editor Stengel recognized that, if it had been a mistake, "We're only going to make it once." [10]

Time For Kids

Written by young reporters, Time For Kids is a division magazine of Time Magazine 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 persons in the history of Time

  • Robert D. Simon 1950-1987, Time Life International
  • Will Lang Jr. 1936-1968, Time Life International

Notable contributors

  • Margaret Carlson was the first female columnist for Time.
  • Richard Corliss and Richard Schickel are film critics for the magazine. Schickel has been with the magazine since 1972 while Corliss has been with it since 1980.
  • Ana Marie Cox writes the Ana Log (a compilation of political tidbits) for the magazine. She is also an acclaimed blogger and author.
  • Lev Grossman, brother of Bathsheba and Austin, writes primarily about books for the magazine.
  • Michael Kinsley is a well traveled American journalist and is an essayist for the magazine.
  • Joe Klein is an author (Primary Colors) and a columnist for the magazine who writes the "In the Arena" column for the magazine.
  • Nathaniel Lande, author, filmmaker, and former creative director of Time.
  • Charles Krauthammer is a neoconservative commentator for the Washington Post. He also contributes essays to Time.
  • Joel Stein is a sometimes controversial writer for the magazine who wrote the Joel 100 just after Time Magazine's Most Influential issue in 2006.
  • Andrew Sullivan wrote a blog called the Daily Dish at time.com. He also occasionally writes the essay on the back page of the magazine proper. He left in 2007 and now blogs for The Atlantic.

See also

References

1. ^ Average Circulation
2. ^ "Henry R. Luce", in Current Biography 1941, p530
3. ^ Chron.com
4. ^ 300 laid off (1/07)
5. ^ [1]
6. ^ The Time of Their Lives. Retrieved on 2007-04-22.
7. ^ Does The Redesign of Time Magazine Mean It Has A New Business Model As Well?. Retrieved on 2007-04-22.
8. ^ Full Esteem Ahead. Retrieved on 2007-04-22.
9. ^ News.com.au, Suharto wins $128m in damages
10. ^ The Time of Their Lives. Retrieved on 2007-04-22.

External links

Time may refer to:

Fundamental dimension or concept

  • Time, a fundamental universal quantity, important in physics, astronomy, philosophy, technology and art
  • Newtonian time, a fundamental measurable dimension in which events occur in sequence

..... Click the link for more information.
March 3 is the 1st day of the year (2nd in leap years) in the Gregorian calendar. There are 0 days remaining.

Events

  • 1431 - Eugene IV becomes Pope.

..... Click the link for more information.
19th century - 20th century - 21st century
1890s  1900s  1910s  - 1920s -  1930s  1940s  1950s
1920 1921 1922 - 1923 - 1924 1925 1926

Year 1923 (MCMXXIII
..... Click the link for more information.
Richard "Rick" Stengel is Time magazine's 16th managing editor.

Stengel is a native of New York. He graduated magna cum laude from Princeton University in 1977 and played on the Princeton Tigers basketball team as part of the 1975 National Invitation
..... Click the link for more information.
newsmagazine, sometimes called news magazine, is usually a weekly magazine featuring articles or segments on current events. News magazines generally go more in-depth into stories than newspapers or television news, trying to give the reader an understanding of the context
..... Click the link for more information.
A magazine's circulation is the number of copies it distributes of an average issue, be that weekly, monthly or at some other frequency of publication. It is one of the principal factors used to set advertising rates.
..... Click the link for more information.
March 3 is the 1st day of the year (2nd in leap years) in the Gregorian calendar. There are 0 days remaining.

Events

  • 1431 - Eugene IV becomes Pope.

..... Click the link for more information.
19th century - 20th century - 21st century
1890s  1900s  1910s  - 1920s -  1930s  1940s  1950s
1920 1921 1922 - 1923 - 1924 1925 1926

Year 1923 (MCMXXIII
..... Click the link for more information.
Time Inc. is a major subsidiary of the media conglomerate Time Warner, the company formed by the 1990 merger of Time Inc. and Warner Communications.

It publishes 130 magazines [1] , most notably its namesake, Time.
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Time Warner Inc.

Public (NYSE: TWX )
Founded Merger between Time Inc. and Warner Communications (1990); subsequently purchased by AOL (2001)
Headquarters New York City, New York (incorporated in Wilmington, Delaware) [1]

Key people Richard D.
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Motto
"In God We Trust"   (since 1956)
"E Pluribus Unum"   ("From Many, One"; Latin, traditional)
Anthem
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English}}} 
Writing system: Latin (English variant) 
Official status
Official language of: 53 countries
Regulated by: no official regulation
Language codes
ISO 639-1: en
ISO 639-2: eng
ISO 639-3: eng  
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An ISSN, or International Standard Serial Number, is a unique eight-digit number used to identify a print or electronic periodical publication. The ISSN system was adopted as international standard ISO 3297 in 1975. The TC 46/SC 9 is responsible for the standard.
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Motto
"In God We Trust"   (since 1956)
"E Pluribus Unum"   ("From Many, One"; Latin, traditional)
Anthem
..... Click the link for more information.
newsmagazine, sometimes called news magazine, is usually a weekly magazine featuring articles or segments on current events. News magazines generally go more in-depth into stories than newspapers or television news, trying to give the reader an understanding of the context
..... Click the link for more information.
Newsweek is an American weekly newsmagazine published in New York City and is distributed throughout the United States and internationally in 12 local language editions. It is the second largest news weekly magazine in the U.S.
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U.S.News & World Report is a weekly American newsmagazine. Originally United States News, it was renamed when it merged with World Report.

Overview

The editorial staff of U.S.News & World Report is based in Washington, D.C.
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London
Canary Wharf is the centre of London's modern office towers
London shown within England
Coordinates:
Sovereign state United Kingdom
Constituent country England
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Middle East is a historical and political region of Africa-Eurasia with no clear boundaries. The term "Middle East" was popularized around 1900 in Britain, and has been criticized for its loose definition.
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Africa is the world's second-largest and second most-populous continent, after Asia. At about 30,221,532 km² (11,668,545 sq mi) including adjacent islands, it covers 6% of the Earth's total surface area, and 20.4% of the total land area.
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Latin America (Portuguese and Spanish: América Latina; French: Amérique Latine) is the region of the Americas where Romance languages, those derived from Latin (particularly Spanish and Portuguese), are primarily spoken.
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Anthem
March of the Volunteers[1]



Capital None[2]
Largest district (population) Sha Tin District
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Oceania (sometimes Oceanica) is a geographical, often geopolitical, region consisting of numerous lands—mostly islands in the Pacific Ocean and vicinity. The exact scope of Oceania is defined variously, with interpretations often including Australia, New Zealand, New
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Anthem
Advance Australia Fair [1]


Capital Canberra

Largest city Sydney
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Anthem
"God Defend New Zealand"
"God Save the Queen" 1


Capital Wellington

Largest city Auckland
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The Pacific Ocean contains an estimated 20,000 to 30,000 islands (the exact number has yet to be precisely determined). Those islands lying south of the tropic of Cancer but excluding Australia are traditionally grouped into three divisions: Melanesia, Micronesia, and Polynesia.
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Sydney
New South Wales

Location of Sydney within Australia

Population:
• Density: 4,280,190 (2006 Census) (1st)
345.
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A backronym (or bacronym) is a phrase that is constructed "after the fact" from a previously existing abbreviation, the abbreviation being an initialism or an acronym.
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Richard "Rick" Stengel is Time magazine's 16th managing editor.

Stengel is a native of New York. He graduated magna cum laude from Princeton University in 1977 and played on the Princeton Tigers basketball team as part of the 1975 National Invitation
..... Click the link for more information.
Priscilla Painton is an American journalist. She has been a Deputy Managing Editor of TIME magazine since 2006.

Personal

Painton is the daughter of Frederick Painton and the late Patricia High Painton, a business journalist based in Paris, France for many years.
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