Barack Obama is TIME's person of the year.
The magazine's editor Richard Stengel unveiled the selection on the "Today" show Wednesday.
"He will take the oath on Jan. 20 as the first Democrat in more than 75 years to get a majority of the popular vote twice. Only five other Presidents have done that in all of U.S. history,'' the magazine wrote. "There are many reasons for this, but the biggest by far are the nation’s changing demographics and Obama’s unique ability to capitalize on them. When his name is on the ballot, the next America — a younger, more diverse America — turns out at the polls."Time named eight finalists Tuesday: Malala Yousafzai, the Pakistani girl shot by the Taliban following her efforts to improve education; Egyptian president Mohamed Morsi; Bill and Hillary Clinton, Yahoo! CEO Marissa Mayer, Apple CEO Tim Cook and the scientists who discovered the Higgs Boson particle.
Last week, readers chose North Korean leader Kim Jong Un as their person of the year in an online poll.
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