UNAUDITED PRO FORMA CONSOLIDATED HISTORICAL INFORMATIONTime Warner Inc. • March 13th, 2009 • Services-motion picture & video tape production
After completing the Separation, the Company will effect a reverse stock split at 7:00 p.m. on March 27, 2009 by proportionately reducing the number of shares of Time Warner Common Stock issued and outstanding or held in treasury based on a reverse stock split ratio of 1-for-3.
