Time (magazine)
He saw Time as important but also fun, which accounted for its heavy coverage of celebrities and politicians, the entertainment industry, and pop culture, criticizing it as too light for serious news.[citation needed] Around the time, they were raising $100,000 from wealthy Yale University alumni, including Henry P. Davison, partner of J.P. Morgan & Co., publicity man Martin Egan and J.P. Morgan & Co. banker Dwight Morrow; Henry Luce and Briton Hadden hired Larsen in 1922.After Hadden died in 1929, Larsen purchased 550 shares of Time Inc., using money he obtained from selling RKO stock he had inherited from his father, who was the head of the Benjamin Franklin Keith theater chain in New England.[citation needed] After Time began publishing weekly in March 1923, Roy Larsen increased its circulation by using U.S. radio and movie theaters worldwide.On September 10, 1979, The New York Times wrote, "Mr. Larsen was the only employee in the company's history given an exemption from its policy of mandatory retirement at age 65."In 2007, Time moved from a Monday subscription/newsstand delivery to a schedule where the magazine goes on sale Fridays and is delivered to subscribers on Saturday.In early 2007, the year's first issue was delayed roughly a week due to "editorial changes", including the layoff of 49 employees.[14] In 2017, editor and journalist Catherine Mayer, who also founded the Women's Equality Party in the UK, sued Time through attorney Ann Olivarius for sex and age discrimination.[21] Time initially possessed a distinctively "acerbic, irreverent style", largely created by Haddon and sometimes called "Timestyle"."[28] Time also coined or popularized many neologisms like "socialite", "guesstimate", "televangelist", "pundit", and "tycoon",[27] as well as some less successful ones like "cinemactress" and "radiorator".[31][32][33][34] Since its first issue, Time has had a "Milestones" section about significant events in the lives of famous people, including births, marriages, divorces, and deaths.Time's delightful but confusing habit of listing names, ages, claims to fame, and other interesting tidbits about the famous newly deceased in its Milestones notices; then the circumstances of, and places where, the deaths occurred; of apparent good sentence structure; in New York.[45] In October 2020, the magazine replaced its logo with the word "Vote",[46] explaining that "Few events will shape the world to come more than the result of the upcoming US presidential election".[59] In a BBC interview with Justin Webb, Professor Valentine Cunningham of Corpus Christi College, Oxford, described the mistake as "a piece of profound ignorance on the part of Time magazine".[60] During its history, on seven occasions, Time has released a special issue with a cover showing an X scrawled over the face of a man, a year, or a national symbol.The first Time magazine with an X cover was released on May 7, 1945, showing a red X over Adolf Hitler's face which was published the week following his death.Fifty-eight years later, on April 21, 2003, Time released another issue with a red X over Saddam Hussein's face, two weeks after the start of the Invasion of Iraq.[3][4][64] As of 2024[update], the most recent and seventh X cover issue of Time, that of Nov. 11, 2024, features a red X over the face of Yahya Sinwar following his killing by the Israel Defense Forces.The cover of that issue used the word "VOTE" as a replacement logo, along with artwork by Shepard Fairey of a voter wearing a pandemic face mask.The magazine's editor-in-chief and CEO Edward Felsenthal explained this decision for a one-time cover logo change as a "rare moment, one that will separate history into before and after for generations".