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Dec. 11, 2009 / 10:31 PM

Time 'Person of the Year' to be revealed

Richard Stengel and Chris Matthews (R) arrive on the red carpet for Time Magazine's 100 most influential people in the world issue Gala in New York City on May 5, 2009. (UPI Photo/John Angelillo) .

Richard Stengel and Chris Matthews (R) arrive on the red carpet for Time Magazine's 100 most influential people in the world issue Gala in New York City on May 5, 2009. (UPI Photo/John Angelillo) . | License Photo

NEW YORK, Dec. 11 (UPI) -- Time magazine is to announce its 2009 Person of the Year on the U.S. morning program "Today," NBC announced Friday.

Time Managing Editor Richard Stengel is to discuss this year's top candidates and the selection process on the show Monday.

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Stengel will then reveal the 2009 Person of the Year on Wednesday's edition of the program, the network said.

U.S. President Barack Obama was Time's 2008 Person of the Year.

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