Current Ownership and Corporate Structure
Time magazine is currently owned by Marc Benioff and his wife Lynne Benioff, who acquired the publication in 2018. The magazine operates as part of Time USA, LLC, which functions as a standalone entity within the broader media portfolio managed by the Benioffs. The publication maintains editorial offices in New York City and continues to produce its flagship print and digital products under this ownership structure.
The Benioffs purchased Time from Meredith Corporation, which had previously acquired the magazine through its own deal with the original owner, Time Inc. This transaction marked a shift from traditional corporate media ownership to a private, entrepreneur-driven model. The publication now operates independently from the legacy Time Inc. corporate structure that once managed multiple magazine titles.
Key Figures and Leadership
Marc Benioff, the co-founder and executive chairman of Salesforce, remains the principal figure behind the magazine's current ownership. He and his wife acquired the title with the stated goal of preserving its journalistic legacy while exploring new business models for legacy media properties.
Editorial Leadership Under Current Ownership
Edward Felsenthal serves as the editor-in-chief of Time magazine, maintaining editorial independence from the ownership structure. The publication continues to operate with a professional staff focused on international news, opinion, and investigative reporting under the Benioff ownership framework.
Financial Model and Business Operations
Time magazine generates revenue through a combination of digital subscriptions, advertising partnerships, licensing agreements, and branded content initiatives. The publication has expanded its digital subscription offerings and diversified its revenue streams beyond traditional print advertising, adapting to the modern media landscape under private ownership.
The magazine's financial operations are managed through Time USA, LLC, which handles all publishing, licensing, and commercial activities related to the Time brand. The publication maintains licensing agreements with various international editions and partners, while the core American edition operates under the direct management of the Benioff ownership group.