Time Warner Names Carol Melton Executive Vice President for Global Public Policy; Former Viacom EVP and FCC Official to Head Time Warner's Global Policy Operations

Business Wire, June 23, 2005

NEW YORK -- Time Warner Inc. (NYSE:TWX) today announced that Carol Melton has joined the company's senior management team as Executive Vice President for Global Public Policy.

Reporting to Time Warner Chairman and CEO Richard Parsons, Ms. Melton will oversee Time Warner's domestic and international public policy operations, including offices in Washington, D.C., London, Brussels and Hong Kong. She will be based in Washington. Ms. Melton returns to Time Warner after serving for eight years at Viacom, most recently as Executive Vice President, Government Relations. Ms. Melton served as a vice president in Time Warner's public policy office and as a counsel to Warner Communications from 1987 to 1997.

In making the announcement, Mr. Parsons said: "I'm delighted to welcome Carol Melton home to Time Warner. Throughout her career, Carol has distinguished herself as an intelligent, effective public policy expert and advocate and I am very pleased that she will be rejoining our company as the head of our global public policy operations. Her experience in both the public and private sectors, and her deep understanding of the policy issues and opportunities facing Time Warner, will serve our company well."

Ms. Melton said: "I am thrilled to be returning to Time Warner and to be joining such a strong and respected management team. This is a tremendous opportunity and I look forward to working closely with Time Warner's business heads, the policy team and lawmakers in the U.S. and internationally on the many issues and opportunities that affect the company worldwide."

As Executive Vice President, Government Relations for Viacom, Ms. Melton was a senior member of Viacom's management team responsible for overseeing public policy issues worldwide for Viacom and its divisions. She also served as President of Viacom's political action committee.

Before joining Viacom in 1997, Ms. Melton served as Vice President for Law and Public Policy for Time Warner Inc., where she was responsible for the development and advocacy of corporate-wide public policy on legislative and regulatory matters. Ms. Melton joined Warner Communications as its Washington Counsel in 1987.

In 1986 and 1987, Ms. Melton served as legal advisor to FCC Chairman Mark Fowler, acting as the Chairman's chief advisor for cable, broadcast and other mass media issues. She also served as Assistant General Counsel for the National Cable & Telecommunications Association from 1983 to 1986. Prior to her work with the NCTA, she was an associate in the communications group of the Washington, D.C. law firm of Hogan & Hartson, which she joined in 1981.

Ms. Melton serves on the Board of Trustees of The Media Institute and is a member of the Federal City Council and the Business-Government Relations Council.

Ms. Melton earned a B.A. degree with honors from Wake Forest University, an M.A. in Journalism and Communications from the University of Florida and a J.D. with honors from American University.

About Time Warner

Time Warner Inc. is a leading media and entertainment company, whose businesses include interactive services, cable systems, filmed entertainment, television networks and publishing.