<P> Time Inc. and Apple have come to an agreement wherein U.S. subscribers to Time will be able to read the iPad versions for free, at least until the two companies sort out a viable digital subscription model . </P> <P> In January 2013, Time Inc. announced that it would cut nearly 500 jobs--roughly 6% of its 8,000 staff worldwide . Although Time magazine has maintained high sales, its ad pages have declined significantly over time . </P> <P> Also in January 2013, Time Inc. named Martha Nelson as the first female editor - in - chief of its magazine division . In September 2013, Nancy Gibbs was named as the first female managing editor of Time magazine . </P> <P> In November 2017, Meredith Corporation announced it was acquiring the company . Several months later it announced that Time was for sale . </P>

Who published the first issue of time magazine when he was only 24 years old