“Time” magazine has announced its annual “Person of the Year,” awarding the title to “The Protester.” Late Apple co-founder Steve Jobs was recognized in a “Fond Farewell” from the magazine, while Apple CEO Tim Cook was identified as one of 2011’s “People Who Mattered.”

“Though there were suggestions that Jobs should be named the Person of the Year after he passed away in October, Jobs didn’t earn the title or even make the magazine’s list of runners up,” notes “AppleInsider” (http://www.appleinsider.com). However, he did rank as Silicon Valley’s top story of 2011, as noted by the “Business Journal” (http://macte.ch/tdt6f).

The publication notes that his death was easily the most significant news story in Silicon Valley in 2011, according to an online poll of readers. About 70% of those who responded cited Jobs’ passing when they responded to the Business Pulse Survey conducted between Dec. 6 and Dec. 13.

— Dennis Sellers