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Henry Robinson Luce (April 3, 1898 – February 28, 1967) was an American magazine magnate who founded Time, Life, Fortune, and Sports Illustrated magazines. He has been called "the most influential private citizen in the America of his day".
Nightly discussions of the concept of a news magazine led its founders Henry Luce and Briton Hadden, both age 23, to quit their jobs in 1922. Later that same year, they formed Time Inc. Having raised $86,000 of a $100,000 goal, the first issue of Time was published on March 3, 1923, as the first weekly news magazine in the United States. [8]
Time Inc. stock owned by Luce at the time of his death was worth about $109 million ($1.03 billion in 2024), and it had been yielding him a yearly dividend of more than $2.4 million ($22.6 million in 2024), according to Curtis Prendergast's The World of Time Inc.: The Intimate History of a Changing Enterprise 1957–1983
Luce took Hadden's name off the masthead of Time within two weeks of his death. In the next 38 years, he delivered more than 300 speeches around the world, mentioning Hadden four times. Luce acquired control of Hadden's papers, and he kept them at Time Inc., where no one outside the company was allowed to view the papers as long as Luce lived.
She was married to Henry Luce, publisher of Time, Life, Fortune, and Sports Illustrated. Politically, Luce was a leading conservative in later life and was well known for her anti-communism . In her youth, she briefly aligned herself with the liberalism of President Franklin Roosevelt as a protégé of Bernard Baruch but later became an ...
In an essay, "Ten Years and a Billion Dollars," he wrote: Journalism is closer to the magical origins of writing than most fiction. That is, at least a few operators in this area—people like the late Hearst and Henry Luce [publisher of Time ]—quite clearly and consciously saw journalism as a magical operation designed to bring about certain ...
He joined Time in 1929 as book editor and moved up to assistant managing editor, executive editor, and managing editor. (In 1940, William Saroyan cites him as one of two managing editors at Time with Manfred Gottfried. [5]) Finally, he succeeded Time co-founder Henry Luce as the magazine's editor, serving in that position from 1949 to 1953. [1] [2]
Elisabeth Middleton Luce was born on April 4, 1903, in Teng Chou, China to Presbyterian Board missionaries who were there to establish a Christian college. She is the sister of Henry R. Luce, founder of Time magazine. [1] [2]