From The Publisher: Feb. 18, 1991

Last month President Bush took his turn at one of the oldest American traditions, reporting on the embattled but gallant State of the Union. Some Governors and corporate executives do something similar. After a turbulent year for many in our industry, but a reassuring one for us and our colleagues at Time Inc. Magazine Co., it seems appropriate to tell you something of how TIME is faring. In short, 1990 was a very good year, considering the state of the economy, thanks to the loyalty of our readers and advertisers. Despite the added economic chill that is one of many sad...

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