Time Inc Shares Fall In NYSE Debut, Following Pessimistic Media Predictions

Just a few hours after its debut on the New York Stock Exchange, Time Inc. (NYSE:TIME) is falling steadily, if not dramatically. Shares of the U.S. magazine company were down 3.88 percent to $22.57 in midday trading on Monday. The stock debuted at $23.07 after trading on a "when issued" basis (meaning the stock had been authorized but not yet distributed) for several days last week.