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Time is an American weekly news magazine and news website published and based in New York City. It was first published in New York City on March 3, and for many years it was run by its influential co-founder Henry Luce.
In December , Time discontinued publishing a Canadian advertiser edition. As of , Time had a circulation of 3. They first called the proposed magazine Facts. They wanted to emphasize brevity, so that a busy man could read it in an hour.
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.
It set out to tell the news through people, and for many decades through the late s, 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. Notable mentions of them were Barack Obama, Steve Jobs, etc. The first issue of Time was published on March 3, , featuring Joseph G. Cannon , the retired Speaker of the House of Representatives , on its cover; a facsimile reprint of Issue No.
On Hadden's death in , Luce became the dominant man at Time and a major figure in the history of 20th-century media. According to Time Inc. In his book, The March of Time , — , 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.