section_path: History/21st century
section_name: 21st century
paragraph_text: 21st century
  
  In 2000, Time became part of AOL Time Warner, which reverted to the name Time Warner in 2003.
  
  In 2007, Time moved from a Monday subscription/newsstand delivery to a schedule where the magazine goes on sale Fridays and is delivered to subscribers on Saturday. The magazine was published on Fridays when it began in 1923.
  
  In early 2007, the year's first issue was delayed roughly a week due to "editorial changes", including the layoff of 49 employees.
  
  In 2009, Time announced it was introducing Mine, a personalized print magazine mixing content from various Time Warner publications based on the reader's preferences. The new magazine was met with a poor reception, with criticism that its focus needed to be more broad to be truly personal.
  
  The magazine has an online archive with the unformatted text for every article published. The articles were indexed and converted from scanned images using optical character recognition technology. The minor errors in the text are remnants of the conversion to the digital format.
  
  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.
  
  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.
  
  In November 2017, Meredith Corporation announced its acquisition of Time, Inc., backed by Koch Equity Development.
  
  In 2017, editor and journalist Catherine Mayer, who also founded the Women's Equality Party in the UK, sued Time through attorney Ann Olivarius for sex and age discrimination. The suit was resolved in 2018.
  
  In March 2018, only six weeks after the closure of the sale, Meredith announced that it would explore the sale of Time and sister magazines Fortune, Money and Sports Illustrated, since they did not align with the company's lifestyle brands.
  
  In October 2018, Meredith Corporation sold Time to Marc Benioff and his wife Lynne for $190 million. Benioff is the chairman and co-CEO of Salesforce.com, Time is to remain separate from that company, with Benioff not involved in the magazine's daily operations.
  
  Forbes COO Jessica Sibley was appointed CEO of Time in November 2022.
  
  In late April 2023, Time announced the elimination of the website's paywall effective June 1, 2023.