NEW YORK – The Board of Directors of Time Warner Inc. (NYSE:TWX) today declared a regular quarterly dividend of $0.1875 per share on its Common Stock (reflecting the Company’s 1-for-3 reverse stock split on March 27, 2009), payable in cash on June 15, 2009 to stockholders of record at the close of business on May 31, 2009.

About Time Warner Inc.
Time Warner Inc., a global leader in media and entertainment with businesses in television networks, filmed entertainment, publishing and interactive services, uses its industry-leading operating scale and brands to create, package and deliver high-quality content worldwide through multiple distribution platforms. 

Contact Info:
Corporate Communications
Keith Cocozza
(212) 484-7482

Michael Kopelman (Investor Relations)
(212) 484-8920