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Time is an American weekly news magazine published in New York City, United States (US). 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. Time is the world’s largest circulation weekly news magazine with a readership of 25 million, of which 20 million are in the US. It is widely regarded as one of the most popular magazines in history. Richard Stengel has been the managing editor since May 2006. Time magazine was created in 1923 by Briton Hadden and Henry Luce, making it the first weekly news magazine in the United States. The two had previously worked together as chairman and managing editor respectively of the Yale Daily News and considered…