Taylor Swift named Billboard's Woman of the Year

NEW YORK (KABC) -- Taylor Swift has been named "Woman of the Year" by Billboard magazine.

Swift, 21, is the youngest to receive the honor. The award has gone to singers such as Beyonce, Reba McEntire and Fergie.

She will get the award in New York at the 2011 Billboard Women in Music event on Dec. 2.

Swift's "Speak Now" album has sold over 3.6 million copies since its release last fall.

The Associated Press contributed to this report.

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