Time is a weekly American magazine and newspaper website based in New York. It has been published weekly for decades, but by 2021 it has switched to bi-weekly editions. It was first published in New York on March 3, 1923, and was led for years by its influential co-founder Henry Luce. The European edition (Time Europe) is published in London and is distributed in the Middle East and Africa, and since 2003 in Latin America. The Asian edition (Time Asia) is based in Hong Kong. The center of the Canadian edition is in Toronto. The South Pacific edition, which covers Australia, New Zealand and the Pacific Islands, is headquartered in Sydney. In July 2017, its circulation was 3,028,013; this was reduced to 2 million by the end of 2017. The print edition has 1.6 million readers, of which 1 million are based in the United States.
Since his debut in New York on March 3, 1923, Time magazine was first published by Britton H. Haddenden and Henry Luce, based in New York, making it the first weekly newspaper in the United States. The two previously worked together as chairman and managing editor of the Yale Daily News. They first named the proposed magazine Facts. They wanted to emphasize the conciseness, so that a busy man could read the magazine in an hour. Then they changed the name to Time and used the slogan "Take Time - It's concise". Haden was considered carefree and liked to tease Luca. He had a vision of Time as an important but also entertaining read, which was caused by intensive reporting on celebrities and politicians, the entertainment industry and pop culture, and he was also criticized as too easy for serious news.
The magazine aimed to spread the news through people, and for decades until the end of the 1960s, the cover of the magazine featured one person. In recent times, Time has incorporated the "People of the Year" editions, which have become increasingly popular over the years. The first issue of Time magazine was published on March 3, 1923, and featured Joseph G. on the cover. Canon, retired Speaker of the House of Representatives; reprint no. 1, including