Time Inc. shares slightly recover from all-time low

Time Inc. stock sank to a new all-time low — $11.40 a share — on Monday, before climbing off the floor ever so slightly Tuesday.

On Monday, the company said it was taking Jaison Blair out of his previous role as chief of investor relations and putting a newcomer, Roger Clark, into the job as a senior VP.

On Oct. 24, two law firms, Holzer & Holzer and Johnson Fistel, filed notices that they were trolling for aggrieved investors in Time Inc. to potentially file a class-action lawsuit over the dismal first quarter results — claiming Time Inc. may have violated SEC disclosure rules.

Blair continues with the decidedly non-glamorous job of supervising Time Inc. India — where the company has outsourced more than 500 of its jobs, with more likely to follow.

On Tuesday, Time Inc. shares gained 20 cents, to $11.60. The company reports third-quarter results on Nov. 9.