Time Warner Inc. (NYSE:TWX) will report its second quarter 2006 results on Wednesday, August 2, 2006, before the market opens. Senior management will host a conference call beginning at 8:30 am ET. The dialing instructions for the call are:

In the United States: 888-455-8240
Outside the U.S.: 773-799-3437
Passcode: TW2Q06

Please dial in at least ten minutes before the call’s scheduled start to ensure you are connected in time for the beginning of the call.

A replay will be available beginning approximately two hours after the call has ended and will run through midnight ET August 4, 2006, at the following numbers:

Inside the United States: 800-285-0609
Outside the U.S.: 203-369-3393
No passcode is required for either of the replay numbers.

You are also invited to listen to the call live on our Web site at www.timewarner.com/investors. There will be a replay available beginning approximately two hours after the call has ended.

The earnings press release will be sent out and available on our Web site prior to the market opening.

Please contact Time Warner Investor Relations via email at ir@timewarner.com should you have any questions.