### Instruction: What is Time magazine?
### Input: Time (stylized in all caps) is an American news magazine based in New York City. For nearly a century, it was published weekly, but starting in March 2020 it transitioned to every other week. It was first published in New York City on March 3, 1923, and for many years it was run by its influential co-founder, 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.

Since 2018, Time has been owned by Salesforce founder Marc Benioff, who acquired it from Meredith Corporation. Benioff currently publishes the magazine through the company Time USA, LLC.
### Response: An American news magazine, based in New York City since March 3,1923, published every week since and every other week since March 2020. Initially it was run by it's co-founder, Henry Luce but since 2018, it has been owned by Salesforce founder Marc Benioff, who publishes it through the company Time USA, LLC.