Time Warner Names John K. Martin Chief Financial Officer, Succeeding the Retiring Wayne H. Pace

Time Warner Inc. has announced the appointment of John K. Martin as Executive Vice President and Chief Financial Officer of Time Warner Inc., effective January 1, 2008. Currently serving as Executive Vice President, Chief Financial Officer of Time Warner Cable Inc., Mr. Martin will succeed Wayne H. Pace, who has announced his intention to retire at the end of this year.

Prior to joining Time Warner Cable Inc. as Executive Vice President, Chief Financial Officer in August of 2005, where he was responsible for all areas of finance, accounting and treasury, Mr. Martin spent nearly 12 years with Time Warner, where he served, among other positions, as Senior Vice President, Investor Relations.

Mr. Martin was Director in the Equity Research group of ABN AMRO Securities LLC from 2000 to 2002, immediately before re-joining Time Warner Inc. as head of its Investor Relations unit. He held the position of Vice President of Investor Relations at Time Warner Inc. from 1999 to 2000. Earlier, Mr. Martin served as Director in the Office of the President at Time Warner, where he provided financial advice to the company and Mr. Parsons. Mr. Martin also served as Director of Finance Special Projects, where he was involved in diverse projects including strategic planning, company restructuring and refinancing, budgeting and mergers and acquisitions. He joined Time Warner Inc. in 1993, as a Manager of SEC financial reporting.

Before joining Time Warner Inc., Mr. Martin was a Certified Public Accountant (CPA), working as a senior accountant in the Business Assurance group at Ernst and Young LLP in New York.

Mr. Martin received an M.B.A. degree in Financial and Organizational Behavior from the Graduate School of Business at Columbia University in 1994 and a B.S. in Economics from the Wharton School of Business at the University of Pennsylvania in 1989.