About Time Magazine

First Issue:
March 3, 1923

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Time logo scaled

The History of Time Magazine

Time Magazine, founded in 1923 by Briton Hadden and Henry Luce, has had a significant impact on journalism and American culture throughout its history. Here’s a brief history of Time Magazine from its inception through 2022:

1923 – Founding:
Time Magazine was founded on March 3, 1923, in New York City by Briton Hadden and Henry Luce. It was created with the intention of providing concise, weekly news summaries for busy readers.

1920s – Weekly Format:
Time introduced its distinctive writing style and format, including the use of short, pointed sentences and the “Time Capsule” feature that highlighted significant events of the week.

1928 – Cover Price:
Time started charging a cover price of 10 cents, becoming one of the first magazines to do so. Its affordability and accessibility contributed to its popularity.

1930s – Expanding Coverage:
Time expanded its coverage beyond news to include articles on various subjects, such as politics, culture, and entertainment.

1936 – Man of the Year:
Time introduced the “Man of the Year” feature, later renamed “Person of the Year,” which annually recognizes the most influential person or group.

1940s – World War II:
During World War II, Time provided extensive coverage of the conflict, often featuring military leaders on its covers.

1950s – Growth:
Time continued to grow in circulation and influence, becoming one of the most widely read news magazines in the United States.

1960s – Social and Cultural Change:
Time covered the social and cultural changes of the 1960s, including civil rights, the space race, and the counterculture movement.

1970s – Investigative Journalism:
Time engaged in investigative journalism, including the Watergate scandal, which led to the resignation of President Richard Nixon.

1980s – Digital Transition:
Time embraced digital technology, expanding its presence online and adapting to changing media consumption habits.

1990s – Global Expansion:
Time Inc. expanded its global reach with international editions and partnerships, making it a truly global news organization.

2000s – Merger and Reorganization:
In 2000, Time Inc. merged with AOL to create AOL Time Warner, one of the largest media conglomerates. The merger was later dissolved.

2010s – Digital Transition:
Time Magazine underwent further digital transformation, emphasizing online content and adapting to the challenges posed by the digital age.

2020s – Ownership Changes:
In 2018, Time was sold by Meredith Corporation to Marc Benioff, the co-founder of Salesforce, and his wife, Lynne Benioff. Time continued to publish both in print and online.

2022 – Ongoing:
As of my last knowledge update in January 2022, Time Magazine remained an influential news source, providing coverage of current events, politics, culture, and more.

Throughout its history, Time Magazine has played a crucial role in shaping public opinion and providing insight into the major events and personalities of the 20th and 21st centuries. It continues to be a respected source of news and analysis in the ever-evolving media landscape.