Time Magazine's Person of the Year Revealed CBS News

Time magazine has revealed its Person of the Year for 2012, and it’s a person who is claiming the title for the second time, CBS News reports.

The magazine bestowed the honor on President Barack Obama, who also won it as president-elect in 2008.

“Time's short list included Egyptian president Mohamed Morsi, Apple CEO Tim Cook, and Malala Yousafzai, the Pakistani teenager who was murdered for advocating girls' education,” the report notes, adding: “Time readers, in a separate poll, selected North Korean dictator Kim Jong Un as the 2012 Person of the Year. The magazine's official Person of the Year is decided by editors, not readers.”

Time’s managing editor, Rick Stengel, made the announcement this morning on NBC’s “Today” show. Said Stengel: "We are in the midst of historic cultural and demographic changes, and Obama is both the symbol and in some ways the architect of this new America."

In an interview with Time, Obama said the 2012 election "may have been more satisfying a win than 2008."

Obama explained: "We've gone through a very difficult time. The American people have rightly been frustrated at the pace of change, and the economy is still struggling, and this president we elected is imperfect, and yet, despite all that, this is who we want to be."

The report notes: “Time's winner last year was ‘The Protester,’ a nod to the dissenters of the Arab Spring and domestic protest movements of Occupy Wall Street that captured the national attention.