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Time Magazine 

A spineless magazine that has just been proven to be a puppet for the ruling elite, by electing Mark Zuckerberg as 2010 Person of the Year, who got 18,353 votes and placed 10th, to Julian Assange's 382,024 votes, who placed 1st, and ahead by 148,387 votes of second place's Recep Tayyip Ergodan, the Prime Minister of Turkey as of 2010.
I have lost all my respect for Time Magazine.
Time Magazine by tylerdurden89 December 16, 2010

Time Magazine 

A very far left magazine that dared to publish the location of Dick Cheney's bunker, and now are probably going to sued and/or jailed.
Time Magazine by ProudAmerican June 15, 2004

magazine time 

The unproductive use of time due to a lazy decision made by someone in a management position. Based on a Simpsons reference.
"Kids, teacher's a little hungover this morning, let's have magazine time until one and then you can talk amongst yourselves after lunch."
magazine time by bursaar February 17, 2009