Time's Person of the Year for 2011 is ... "The Protester."
"There was a lot of consensus among our people," Managing Editor Rick Stengel told Ann Curry and Matt Lauer on Today Wednesday morning. "It felt right."
Check out the rest of today's news
Among the Person of the Year runners-up: Adm. William H. McRaven
, who is credited with organizing and executing the raid that led to Osama bin Laden's death, and Kate Middleton
, who married Prince William
, the heir to the British throne.
Photo gallery: The best performances of 2011
Time has been selecting a Person of the Year since 1927. Past choices have included Franklin D. Roosevelt, Martin Luther King Jr. and Mark Zuckerberg.
Watch Stengel's announcement on Today:
Visit msnbc.com for breaking news, world news, and news about the economy