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.More recently, Time has incorporated "People of the Year" issues which grew in popularity over the years.Notable mentions of them were Barack Obama, Steve Jobs, etc.The print edition has a readership of 26 million, 20 million of which are based in the United States.In mid-2012, its circulation was over three million, The two had previously worked together as chairman and managing editor respectively of the Yale Daily News. They wanted to emphasize brevity, so that a busy man could read it in an hour.
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.
In the second half of 2010, Time magazine newsstand sales declined by about 12% to just over 79,000 copies per week.
Time initially possessed a distinctive writing style, making regular use of inverted sentences.
The first issue of Time was published on March 3, 1923, featuring Joseph G. Harriman & Co., and The New York Trust Company (Standard Oil). stock owned by Luce at the time of his death was worth about 9 million, and it had been yielding him a yearly dividend of more than .4 million, according to Curtis Prendergast's The World of Time Inc.: The Intimate History of a Changing Enterprise 1957–1983. According to The March of Time, as early as 1924, Larsen had brought Time into the infant radio business with the broadcast of a 15-minute sustaining quiz show entitled Pop Question which survived until 1925".
Cannon, the retired Speaker of the House of Representatives, on its cover; a facsimile reprint of Issue No. Morgan retained a certain control through two directorates and a share of stocks, both over Time and Fortune. The Larsen family's Time stock was worth around million during the 1960s, and Roy Larsen was both a Time Inc. Then, in 1928, Larsen "undertook the weekly broadcast of a 10-minute programme series of brief news summaries, drawn from current issues of Time magazine [...] which was originally broadcast over 33 stations throughout the United States".