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TIME

TIME is an American newsmagazine and media brand founded by Henry Luce and Briton Hadden, which published its first issue on March 3, 1923; it is headquartered in New York and known for its Person of the Year selection and the TIME100 list. Since 2018 it has been personally owned by Marc and Lynne Benioff; its current Chief Executive Officer is Jessica Sibley, and its Editor-in-Chief is Sam Jacobs.

Contents18 sections
Key facts

First Issue

The First Man of the Year

In 1927, TIME named its first Man of the Year; the first honoree was Charles Lindbergh, the aviator who had flown solo across the Atlantic.⁠[3]

Becoming Part of Time Warner

In 1989, the publisher Time Inc. merged with Warner Communications, and TIME became a publication of Time Warner. From 2000 it belonged to AOL Time Warner, which reverted to the name Time Warner in 2003.⁠[2]

Launch of the TIME 100 and Renaming to Person of the Year

In 1999, TIME changed Man of the Year to the gender-neutral Person of the Year; the first recipient under the new name was Amazon founder Jeff Bezos. That same year, TIME published its first TIME 100 list of influential people, which it has published annually since 2004.⁠[4][5]

Spin-Off of Time Inc.

On June 6, 2014, Time Warner completed the spin-off of Time Inc., and TIME, together with Time Inc., became a publication of an independent public company.⁠[6]

Meredith Acquires Time Inc.

On January 31, 2018, Meredith Corporation completed its acquisition of Time Inc.; Time Inc. shareholders received $18.50 per share in cash, in a transaction valued at $2.8 billion.⁠[7]

The Benioffs Acquire TIME

On September 16, 2018, Meredith announced that it would sell the TIME media brand to Marc and Lynne Benioff for $190 million in cash. The Benioffs were purchasing TIME personally, and the transaction was unrelated to Salesforce, the company Marc Benioff founded. The transaction closed on November 1, 2018.⁠[8][9][10]

Formation of TIME Studios

In early 2020, TIME formed TIME Studios, its film and television production division. As of November 2021, it had generated more than $70 million in cumulative revenue, including approximately $50 million in 2021.⁠[11]

Auction of Cover NFTs

In March 2021, TIME auctioned three covers as non-fungible tokens (NFTs), including the first cover designed exclusively as an NFT.⁠[12]

Accepting Cryptocurrency Payments and Holding Bitcoin

In April 2021, TIME began accepting cryptocurrency as payment for digital subscriptions. That same month, TIME partnered with Grayscale on a content series, receiving its fees in bitcoin and holding bitcoin on its balance sheet.⁠[12][13]

Launch of TIMEPieces

In September 2021, TIME launched TIMEPieces, an NFT project that brings cryptocurrency enthusiasts together through a Discord community. Keith Grossman, then President of TIME, said that the NFT business had generated a profit of more than $10 million in about a year.⁠[14][14]

Partnership with Galaxy Digital

Jessica Sibley Becomes Chief Executive Officer

On November 7, 2022, TIME announced the appointment of Jessica Sibley as Chief Executive Officer, effective November 21; Edward Felsenthal became Executive Chairman while remaining Editor in Chief.⁠[16][16]

Sam Jacobs Becomes Editor-in-Chief

On April 24, 2023, TIME named Sam Jacobs Editor-in-Chief, succeeding Edward Felsenthal, who had stepped down in March of that year. Jacobs, then 37, is the 19th top editor in TIME’s history and the youngest editor to lead TIME since Henry Luce.⁠[17]

Launch of the TIME AI Agent

In December 2024, TIME and Scale AI launched a generative conversational experience tied to the Person of the Year selection. On November 10, 2025, TIME launched the TIME AI Agent, an AI platform built on its reporting and on generative technology.⁠[18][18]

Release of the TIME100 Next List

On September 30, 2026, TIME released its 2026 TIME100 Next list of emerging influential people; the list was launched in 2019. At that time, Jessica Sibley was still Chief Executive Officer and Sam Jacobs was still Editor-in-Chief.⁠[19]

Related Organizations, Websites, and Public Accounts

Sources

  1. Briton Hadden | American publisher | Britannica (opens in a new window)
  2. Time (magazine) - Wikipedia (opens in a new window)
  3. TIME Has Been Picking a Person of the Year Since 1927. Here's How It All Started (opens in a new window)
  4. Time Person of the Year - Wikipedia (opens in a new window)
  5. Time 100 - Wikipedia (opens in a new window)
  6. Time Inc. Separation | AT&T (opens in a new window)
  7. Meredith Corporation Announces Completion Of Time Inc. Acquisition And Reports Fiscal 2018 Second Quarter And First Half Results (opens in a new window)
  8. Meredith Corporation To Sell TIME Media Brand To Marc And Lynne Benioff (opens in a new window)
  9. Marc And Lynne Benioff to Buy TIME for $190 Million (opens in a new window)
  10. Meredith Finalizes Sale Of TIME Media Brand To Marc And Lynne Benioff (opens in a new window)
  11. TIME Studios Surpasses $70 Million in Revenue (opens in a new window)
  12. TIME and Galaxy Digital Partner to Demystify the Metaverse (opens in a new window)
  13. Time Magazine To Hold Bitcoin On Balance Sheet In Partnership With Grayscale (opens in a new window)
  14. Time has earned more than $10M in profit, one year after embracing the blockchain (opens in a new window)
  15. TIME Magazine to Hold ETH on Balance Sheet as Part of Galaxy Digital Metaverse Deal (opens in a new window)
  16. TIME Names Jessica Sibley as Chief Executive Officer (opens in a new window)
  17. TIME Appoints Sam Jacobs as Editor-in-Chief (opens in a new window)
  18. The Story Behind the TIME AI Agent (opens in a new window)
  19. TIME Reveals the 2026 TIME100 Next List of the Leaders Shaping the Future (opens in a new window)
  20. TIME (@TIME) / X (opens in a new window)
  21. TIME | LinkedIn (opens in a new window)
  22. TIME - YouTube (opens in a new window)