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TIME’s Person of the Year 2015 revealed – and it’s not ISIS

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Who is TIME’s Person of the Year 2015? TODAY viewers thought it would be Abu Bakr al-Baghdadi, the leader of ISIS, but he doesn’t claim this year’s title. Nancy Gibbs is the editor of TIME, and she joins TODAY for the big reveal that German Chancellor Angela Merkel has become the fourth woman to ever claim the cover, and she explains the thinking behind the pick.