Time Warner announces Q2 2008 earnings

NEW YORK — Time Warner Inc. (NYSE:TWX) today reported financial results for its second quarter ended June 30, 2008.

CABLE (Time Warner Cable)

Revenue generating units (“RGUs”) exceeded 33.6 million – reflecting net additions of 656,000, a record for any second quarter – driven by year-over-year improvement in net additions in all RGU categories. Customer relationships totaled 14.7 million, and Triple Play subscribers surpassed 2.8 million (or 19% of total customer relationships), benefiting from 214,000 net additions during the second quarter.

Subscriber Data:

                                                         Net
                                                   Additions
(in thousands)                6/30/08   3/31/08   (Declines)
                              -------   -------   ----------
Homes passed                   26,726    26,624          102
Basic video subscribers        13,297    13,306          (9)
Digital video subscribers       8,483     8,283          200

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