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, 1923 and for many years it was run by its influential co-founder Henry Luce. 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, which covers Australia, New Zealand, and the Pacific Islands, is based in Sydney. In December 2008, Time discontinued publishing a Canadian advertiser edition.
As of 2012, Time had a circulation of 3.3 million, making it the 11th-most circulated magazine in the United States, and the second-most circulated weekly behind People In July 2017, its circulation was 3,028,013; this was cut down to 2 million by late 2017. The print edition has a readership of 26 million, 20 million of whom are based in the United States.
Formerly published by New York City-based Time Inc., since November 2018 Time has been published by TIME USA, LLC, owned by Marc Benioff, who acquired it from Meredith Corporation.