Taylor Swift named Billboard Woman of the Year for a second time

NEW YORK, Oct. 11 (UPI) -- Recording artist Taylor Swift is to receive Billboard's Woman of the Year Award for a historic second time.

The magazine announced Friday it will present the seven-time Grammy Award-winner with the honor at the ninth annual Women in Music event, which is set for Dec. 12 at Cipriani Wall Street in New York City.

The award recognizes a female artist who has "shaped and inspired the music industry with her success, leadership and innovation over the past 12 months," the publication said in a news release. Past winners include Pink, Katy Perry, Fergie and Beyonce.

Swift, 24, earned the accolade for the first time in 2012.

"As one of the most influential artists of her generation, Taylor Swift has seen incredible success on the Billboard charts," Janice Min, co-president and chief creative officer of Guggenheim Media's Entertainment Group -- which consists of Billboard and The Hollywood Reporter -- said in a statement.

"Over the course of her career, she's charted 60 entries on the Billboard Hot 100 -- the most of any female artist since her debut in 2006. We are tremendously excited to be honoring her as the 2014 Billboard Woman of the Year for the second time."