February 8, 2012

Time Warner Raises Cash Dividend by 11 Percent Declares Regular Quarterly Cash Dividend

New York - Time Warner Inc. (NYSE: TWX) today announced that its Board of Directors has approved an increase in the Company's regular quarterly cash dividend of 11 percent. On an annual basis, Time Warner's regular cash dividend on its Common Stock will grow from $0.94 per share to $1.04 per share.

The Board of Directors declared a regular quarterly dividend of $0.26 per share of Common Stock, payable in cash on March 15, 2012 to stockholders of record at the close of business on February 29, 2012.

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

Contact Info:

Corporate Communications
Keith Cocozza
(212) 484-7482

Investor Relations
Michael Kopelman
(212) 484-8920