Time Warner, Inc. (TWX) Updates FY14 Outlook Post Time, Inc., Divestiture

Time Warner Inc. (NYSE: TWX) updated its 2014 full-year business outlook. With the Company’s separation of Time Inc. expected to be completed in the second quarter of 2014, Time Warner’s 2014 full-year business outlook excludes the results of Time Inc. for the current and prior years. The Company now expects its 2014 full-year percentage growth rate in Adjusted Diluted Income per Common Share from Continuing Operations (“Adjusted EPS”) excluding Time Inc. to be in the low teens off a 2013 Adjusted EPS excluding Time Inc. base of $3.51.

The outlook above does not include the impact of any future merger or unplanned restructuring and severance charges, the impact from future sales and acquisitions of operating assets or the impact of taxes on the above items that may occur from time to time due to management decisions and changing business circumstances. The Company is currently unable to forecast precisely the timing and/or magnitude of any such events and resulting impacts.

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