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Owners
Time is an American weekly magazine headquartered in New York, covering the rating of people over a period (year, century, etc.).
History
2024
With the support of Elon Musk in November 2024, Donald Trump was elected president. Time magazine called Musk the "Kingmaker" and listed his achievements on the cover.
In December 2024, Trump was chosen as Time magazine's Person of the Year.
2018: Salesforce chief buys Time for $190m
September 17, 2018 it became known about the purchase of Time magazine by Marc Benioff. The deal is worth $190 million, according to Salesforce.com, which is headed by an entrepreneur.
The deal, which will see US news weekly Time, owned by media corporation Meredith, take over Benioff's ownership, is scheduled to close in October 2018. Meredith will spend the funds received to pay off debts.
The editor-in-chief of the magazine, Edward Felsenthal, clarified that "Benioff will own Time magazine as a family investment." According to him, the couple will not directly manage the media project.[1]
Salesforce notes that the deal is not related to the company. It is emphasized that Marc Benioff and his spouse Lynn will not participate in the editorial policy of the publication - the current leadership of the magazine will continue to deal with it.
At the same time, Time considers it a great luck to have on the part of the Benioff spouses their "parting words and mentoring on the way to building a new company."
 | The power of Time has always been in the unique stories about people and issues that touch and connect us all. It's a treasure trove of our history and culture. We deeply respect their organization and are proud to be the managers of this iconic brand, "wrote Marc Benioff on his Twitter blog. |  |
2017: Meredith bought Time
Meredith Corporation bought Time for $1.8 billion at the end of 2017. The publishing house, in addition to Time magazine, includes dozens of other media outlets, including Fortune, Life and People magazines. In March 2018, the company announced plans to sell Time, Sports Illustrated, Fortune and Money.
2016: Debt $1.4 billion
In November 2016, the Financial Times wrote that Time Inc.'s debt amounted to $1.4 billion.
2014:50% cap reduction
In 2014, the capitalization of the publishing house decreased by 50% due to forecasts regarding future print media.
2006
1991
1990
1989
1988: Mikhail Gorbachev - Person of the Year
1987
1985
1961: Gagarin on the cover
1953
1942
1936: Time founder buys out Life magazine
In 1936, Time magazine founder and publisher Henry Luce paid $92,000 for Life. During the Henry Luce period, Life was the first all-photographic American news magazine to be published for 40 years.
Notes
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