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The Board of Directors of Time Warner Inc. (NYSE:TWX) today declared a regular quarterly dividend of $0.0625 per share on its Common Stock, payable in cash on September 15, 2008 to stockholders of record at the close of business on August 31, 2008.

About Time Warner Inc.

Time Warner Inc. is a leading media and entertainment company, whose businesses include interactive services, cable systems, filmed entertainment, television networks and publishing.

Contacts

Time Warner Inc.
Corporate Communications
Keith Cocozza, 212-484-7482
or
Investor Relations
Monica Gould, 212-484-8206



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