Time is an American weekly news magazine published in New York City. It was founded in 1923 and for decades dominated by Henry Luce, who built a highly profitable stable of magazines. A European edition (Time Europe, formerly known as Time Atlantic) is published in London and also covers the Middle East, Africa and, since 2003, Latin America. An Asian edition (Time Asia) is based in Hong Kong. The South Pacific edition, covering Australia, New Zealand and the Pacific Islands, is based in Sydney. In December 2008, Time discontinued publishing a Canadian advertiser edition.^[2]

Time has the world's largest circulation for a weekly news magazine, and has a readership of 25 million, 20 million of which are in the US.^{[citation needed]}

Richard Stengel was the managing editor from May 2006 to October 2013, when he joined the US Department of State.^[3][4] Nancy Gibbs has been the managing editor since October 2013.^[4]