TIME WARNER INC. (NYSE:TWX) Files An 8-K Entry into a Material Definitive Agreement

Item1.01.Entry into a Material Definitive Agreement.

On December16, 2016, Time Warner Inc.(Time Warner)entered into
the Third Amendment, dated as of December16, 2016 (the Third
Amendment), to the Amended and Restated Credit Agreement, dated
as of January19, 2011, as amended and restated as of December18,
2013, as further amended by the First Amendment, dated as of
December18, 2014, and the Second Amendment, dated as of
December18, 2015 (as amended, the Amended and Restated Credit
Agreement), among Time Warner and Time Warner International
Finance Limited, as borrowers, the lenders from time to time
party thereto and Citibank, N.A., as administrative agent, to
amend its two $2.5 billion senior unsecured revolving credit
facilities.The Third Amendment extends the maturity dates of both
revolving credit facilities by one year to December18, 2021 and
eliminates the swingline loan sub-facility included in one of the
revolving credit facilities.All other material terms of the
Amended and Restated Credit Agreement will remain the same for
each credit facility, including the provision that provides for
up to two additional one-year extensions with lender consent.As
of December16, 2016, there were no borrowings outstanding under
the revolving credit facilities, and Time Warner had
approximately $1.2 billion in commercial paper outstanding. The
outstanding commercial paper is supported by the committed
capacity under the revolving credit facilities.

The foregoing description of the Third Amendment does not purport
to be complete and is qualified in its entirety by reference to
the Third Amendment, which is filed as Exhibit 10.1 to this
Current Report on Form 8-K.

Item2.03. Creation of a Direct Financial Obligation or an
Obligation Under an Off-Balance Sheet Arrangement of a
Registrant.

The information provided in Item1.01 of this Current Report on
Form 8-K is hereby incorporated into this Item2.03 by reference.

Item9.01Financial Statements and Exhibits.

About TIME WARNER INC. (NYSE:TWX)

Time Warner Inc. is a media and entertainment company. The Company operates through three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of domestic premium pay television and streaming services, and international premium pay, basic tier television services and streaming services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution. The Company also holds interests in companies that operate broadcast networks. The Company holds interest in Central European Media Enterprises Ltd. (CME), which is a broadcasting company that operates television networks in Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia. The Company has a joint venture interest in The CW, which includes a lineup of advertising-supported original programming, as well as a block of advertising-supported programming.

TIME WARNER INC. (NYSE:TWX) Recent Trading Information

TIME WARNER INC. (NYSE:TWX) closed its last trading session up +0.65 at 95.73 with 3,150,056 shares trading hands.