March 3: Time magazine is founded
On March 3, 1923, Time magazine published its first issue, featuring former Speaker of the U.S. House of Representatives Joseph G. Cannon, a republican from Illinois on its cover.
In addition to covering hard news, Time was one of the first weeklies to cover popular culture and entertainment, at the behest of its cofounder Britton Hadden.
The other co-founder, Henry Luce, would go on to buy Life magazine, and start Fortune and Sports Illustrated magazines.
In 1927, Time named its first “Man of the Year,” aviator Charles Lindbergh.
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