19 December 2012 5:59 AM, PST | The Hollywood Reporter | See recent The Hollywood Reporter news »

Barack Obama is Time magazine's Person of the Year for 2012. The president, featured in profile on the cover of the silver-bordered issue, was chosen a second time around (he previously received the title in '08) for "finding and forging a new majority, for turning weakness into opportunity and for seeking, amid great adversity, to create a more perfect union," says Time editor Rick Stengel. "Obama is the first Democratic President since Fdr to win more than 50 percent of the vote in consecutive elections and the first President since 1940 to win re-election with an unemployment rate

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- THR Staff

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