Time

Time was founded in 1923 by Briton Hadden and Henry Luce, who were former classmates at Yale University. It holds the distinction of being the first weekly news magazine in the United States, fundamentally changing how the public consumed journalism.

The magazine selects the individual, group, or concept that had the single most significant influence on the year's news and headlines, for better or worse. The choice is made by the editorial staff and has historically included controversial figures like Adolf Hitler in 1938 and Joseph Stalin in 1939.

Yes, despite the broader print media industry's decline, Time continues to publish a weekly print edition alongside its extensive digital news presence. The publication transitioned to a primarily subscription-based revenue model in recent years but remains a prominent fixture on newsstands.

Time magazine was acquired by Marc Benioff, the founder and co-CEO of Salesforce, and his wife Lynne Benioff, in 2018. The Benioffs purchased the magazine from Meredith Corporation for $190 million, operating it as an independent entity.