Yes!
It is THE TIME MAGAZINE.
Great find SaltySoda!
Here is the WHOIS
Domain ID

7943-MOBI
Domain Name:TIME.MOBI
Created On:11-May-2006 22:17:06 UTC
Last Updated On:06-Mar-2007 05:05:05 UTC
Expiration Date:11-May-2008 22:17:06 UTC
Last Transferred Date:04-Jan-2007 16:06:19 UTC
Trademark Name:Premium Name
Trademark Country:IE
Trademark Number:Premium Name
Date Trademark Applied For:2005-01-01
Date Trademark Registered:2006-01-01
Sponsoring Registrar:MarkMonitor Inc (292)
Created by Registrar:mTLD Mobile Top Level Domain (4000002)
Last Updated by Registrar:Afilias Ltd. (4000017)
Status:OK
Registrant ID:mmr-1474163
Registrant Name

omain Administration
Registrant Organization:Time, Inc.
Registrant Street1:1271 Avenue of the Americas
Registrant City:New York