US magazine Time publishes its first issue.

Time is an American news magazine based in New York City. It was published weekly for nearly a century. 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.

March 3 is the 62nd day of the year in the Gregorian calendar; 303 days remain until the end of the year.