TELECOM Digest OnLine - Sorted: Time Warner Inc. Reports Second Quarter 2005 Results

Time Warner Inc. Reports Second Quarter 2005 Results

Monty Solomon (
Wed, 3 Aug 2005 22:39:47 -0400

NEW YORK--(BUSINESS WIRE)--Aug. 3, 2005--Time Warner Inc.

-- Company Reaches Agreement in Principle to Resolve Its Primary
Securities Class Action Litigation and Reserves $3 Billion
Related to All Pending Securities Litigation Matters

-- Board of Directors Authorizes $5 Billion Stock Repurchase

Time Warner Inc. (NYSE:TWX) today reported financial results for its
second quarter ended June 30, 2005. The Company also announced that it
has reached an agreement in principle to resolve its primary
securities class action litigation and established reserves of $3
billion related to this and all other related securities litigation
matters. In addition, Time Warner's Board of Directors has authorized
a $5 billion stock repurchase program over the next two years.


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