The International Magazine of Events
In 1923, TIME Magazine first went on sale. It was one of the most significant and influential news publications in the world for a considerable amount of time. Time's effect is still felt today, despite the fact that magazines and the news media have undergone significant transformation in the past century. But the name of the journal itself raises more serious issues.
TIME is capitalized because it has been claimed that it is an abbreviation. The International Magazine of Events is the name of the abbreviation in question. And while that is accurate, there is no proof that this is an acronym in any manner; therefore, if it is to be accepted in any way, it must be a backronym.
The magazine's name being an abbreviation is not even mentioned in the TIME archives. The acronym was only used for the first time in 2007. TIME is pleased to use the backronym on their own website even though they didn't even come up with it.