<Tr> <Th> ISSN </Th> <Td> 0040 - 781X </Td> </Tr> <Tr> <Th> OCLC number </Th> <Td> 1311479 </Td> </Tr> <P> Time is an American weekly news magazine and news website published in New York City . It was founded in 1923 and originally run by Henry Luce . 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, which covers Australia, New Zealand and the Pacific Islands, is based in Sydney . In December 2008, Time discontinued publishing a Canadian advertiser edition . </P> <P> Time has the world's largest circulation for a weekly news magazine . The print edition has a readership of 26 million, 20 million of whom are based in the United States . In mid-2012, its circulation was over three million, which had lowered to two million by late 2017 . Richard Stengel was the managing editor from May 2006 to October 2013, when he joined the U.S. State Department . Nancy Gibbs was the managing editor from September 2013 until September 2017 . She was succeeded by Edward Felsenthal, who had been Time's digital editor . </P>

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