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Our magazine comes out weekly, but TIME.COM, our nimble and sprightly website, comes out daily, hourly--it is TIME all the time. Rick Stengel, the editor of time.com likes to say our website is a gene spliced from the magazine and then grown in a new environment. And it has grown, in terms of not only traffic and readership but also importance: in the past few weeks, time.com has broken the story of Bill Clinton's deal with independent counsel Robert Ray as well as the amount of Denise Rich's gift to the Clinton library.

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