TWX - Time Warner - Announces Regular Dividends

For Immediate Release:

Time Warner Inc. Declares Regular Quarterly Cash Dividend

NEW YORK, November 16, 2009 – The Board of Directors of Time Warner Inc.

(NYSE:TWX) today declared a regular quarterly cash dividend of $0.1875 per share on its

Common Stock, payable in cash on December 9, 2009, to stockholders of record at the close of

business on November 27, 2009.

The per share amount of this dividend is the same as the per share amounts of the cash

dividends paid on the Time Warner Inc. Common Stock in previous quarters this year.

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.

Information on Time Warner’s Spin-Off Dividend of AOL Shares

Time Warner Inc. issued a separate press release today regarding a dividend of AOL Inc. common

stock to Time Warner stockholders.

Contact Info:

Corporate Communications

Keith Cocozza

(212) 484-7482

Investor Relations

Michael Kopelman

(212) 484-8920

 

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