Time Warner Raises Cash Dividend by 10%; Declares Regular Quarterly Cash Dividend

February 5, 2014

NEW YORK – Time Warner Inc. (NYSE: TWX) today announced that its Board of Directors has approved a ten percent increase in the Company's regular quarterly cash dividend. On an annual basis, Time Warner's regular cash dividend on its Common Stock will grow from $1.15 per share to $1.27 per share.

The Board of Directors declared a regular quarterly cash dividend of $0.3175 per share on its Common Stock, payable in cash on March 15, 2014 to stockholders of record on February 28, 2014.

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