Home Box Office Chairman & CEO Chris Albrecht Granted Leave of Absence

Home Box Office Chairman and CEO Chris Albrecht has been granted, at his request, a leave of absence pending the resolution of the police incident that occurred Sunday in Las Vegas, Time Warner Chairman and CEO Richard D. Parsons announced today. "We take these matters very seriously and will monitor this situation closely,” Mr. Parsons said. Home Box Office Chief Operating Officer Bill Nelson will assume Mr. Albrecht's duties in the interim. About Time Warner Inc. Time Warner Inc. is a leading media and entertainment company, whose businesses include interactive services, cable systems, filmed entertainment, television networks and publishing.