Putin Named Time's Person of the Year

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NEW YORK -- Time magazine has named Russian President Vladimir Putin its "Person of the Year."

Time's managing editor Richard Stengel says the honor went to the Russian leader for bringing stability to "a country that was in chaos." Stengel describes it as "an extraordinary feat of leadership."

Others in the running for the honor included Nobel Prize-winner Al Gore and Harry Potter author J.K. Rowling.

The magazine returned to tradition this year by picking an individual rather than last year's choice of anyone creating or using content on the World Wide Web.

Previous winners have also included U2 frontman Bono, President Bush and Amazon.com CEO and founder Jeff Bezos.