Time Warner, Inc
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01 02 03 04 05 06 07 08 COMPANY AND CUSTOMERS DIVERSITY ENVIRONMENT ETHICS, GOVERNANCE, EMPLOYEES SUPPLY CHAIN COMMUNITY REPORT OVERVIEW AND CONTENT AND PUBLIC POLICY AND WORKPLACE 2008 CORPORATE SOCIAL RESPONSIBILITY REPORT 01 01 02 03 04 05 06 07 08 COMPANY AND CUSTOMERS DIVERSITY ENVIRONMENT ETHICS, GOVERNANCE, EMPLOYEES SUPPLY CHAIN COMMUNITY REPORT OVERVIEW AND CONTENT AND PUBLIC POLICY AND WORKPLACE Cover Images from left to right: HBO Films’ Life Support, starring Queen Latifah, is a candid look at the HIV crisis through the eyes of a mother, former addict, and AIDS activist. People magazine features the “Heroes Among Us” stories about ordinary people making a difference in their communities. Warner Bros. installed the fi rst photovoltaic system in the entertainment industry, generating approximately 116,000 kilowatt hours (kWh) of clean renewable electricity from sunlight annually. CNN’s “Planet in Peril” is a multimedia investigation into the state of the earth with Dr. Sanjay Gupta and Anderson Cooper. 01 COMPANY AND REPORT OVERVIEW 16 DIVERSITY AND INCLUSION 33 EMPLOYEES AND WORKPLACE 02 Message from our President and CEO 17 Marketplace 34 Listening to Our Employees 03 Time Warner Overview 19 Workforce and Workplace 34 Employee Growth and Development 04 Changing Global Landscape 21 ENVIRONMENT 35 Employee Benefi ts 22 Climate Change 04 Citizenship at Time Warner 36 Health and Safety 25 Forestry and Paper 04 About this Report 38 SUPPLY CHAIN 26 Waste Reduction 39 Ethical Sourcing 05 Broad Engagement 26 Green Building 39 Green Procurement 05 Corporate Responsibility Goals and Objectives 28 ETHICS, GOVERNANCE 40 Supplier Diversity AND PUBLIC POLICY 07 CUSTOMERS AND CONTENT 29 Ethics 41 COMMUNITY 08 Journalistic Integrity 42 Education and the Arts 30 Governance 09 Freedom of Expression 44 Employee Engagement 31 Public Policy 09 Responsible Content 12 Access to Information 14 Recognition and Awards 01 02 03 04 05 06 07 08 COMPANY AND CUSTOMERS DIVERSITY ENVIRONMENT ETHICS, GOVERNANCE, EMPLOYEES SUPPLY CHAIN COMMUNITY REPORT OVERVIEW AND CONTENT AND PUBLIC POLICY AND WORKPLACE 01 COMPANY AND REPORT OVERVIEW 02 A MESSAGE FROM OUR PRESIDENT 05 CORPORATE RESPONSIBILITY AND CEO GOALS AND OBJECTIVES 05 2006-2007 Objectives and 03 TIME WARNER OVERVIEW Progress Update 03 Ownership 06 2008-2009 Objectives 03 Employees and Challenges 03 International Presence 03 Business Segment Profi le 04 CHANGING GLOBAL LANDSCAPE 04 CITIZENSHIP AT TIME WARNER 04 Citizenship Priorities by Business 04 ABOUT THIS REPORT 05 BROAD ENGAGEMENT Time Warner is built on strong brands and businesses. Images from top left to right: Two and a Half Men, I Am Legend, Planet in Peril, TIME, FORTUNE, and Real Simple magazines, AOL Latino, Ben 10, Time Warner Cable’s All the Best, GreenDailey.com, Recount, The Dark Knight. 01 01 02 03 04 05 06 07 08 COMPANY AND CUSTOMERS DIVERSITY ENVIRONMENT ETHICS, GOVERNANCE, EMPLOYEES SUPPLY CHAIN COMMUNITY REPORT OVERVIEW AND CONTENT AND PUBLIC POLICY AND WORKPLACE “Time Warner’s commitment to corporate social responsibility Jeffrey L. Bewkes, is one of many ways we achieve long-term growth.” President and Chief Executive Offi cer A MESSAGE FROM OUR PRESIDENT AND CEO Time Warner has a proud tradition of leadership. information, diversity of viewpoints, and respon- goals are aligned – including our commitment sibility to community – are also at the heart of to providing high-quality journalism and enter- Our company helped lead the way in creating the our role as a corporate citizen. tainment, offering forums for diverse view- modern media industry. In fact, many aspects points, reducing our environmental footprint, of the media industry that we take for granted We are excited to build on that record of business observing high standards of ethical behavior, today – from weekly magazines to DVDs, and from and civic leadership. As we drive the growth of providing employees with opportunities for Jeffrey L. Bewkes 24-hour news networks to online services – were our businesses through bold digital innovation, development, and giving back to the commun- President and Chief Executive Offi cer pioneered by our predecessors at this company. international expansion, and serving increasingly ities where we do business. diverse populations, we also have a greater Our company also has a record of civic leader- opportunity to help create a more connected, As the world’s leading media and entertainment ship, including being the fi rst major U.S.-based well-informed, and better world. company, our goal is to deliver superior returns media company to issue a comprehensive to our stockholders and exceptional value to corporate social responsibility report in 2006. This Corporate Social Responsibility Report will our customers in a sustainable and long-term way. We believe that delivering a superior return provide you with an overview of our company’s to our stockholders goes hand-in-hand with role as a corporate citizen. You’ll see the many Time Warner’s commitment to corporate social fulfi lling our broader role as a corporate citizen. ways in which our business and citizenship responsibility is one of many ways we achieve Indeed, many of the principles that support long-term growth. I am proud to lead our the success of our businesses – journalistic company in that continuing endeavor. integrity, freedom of expression, access to 02 01 02 03 04 05 06 07 08 COMPANY AND CUSTOMERS DIVERSITY ENVIRONMENT ETHICS, GOVERNANCE, EMPLOYEES SUPPLY CHAIN COMMUNITY REPORT OVERVIEW AND CONTENT AND PUBLIC POLICY AND WORKPLACE ANNUAL REVENUE (IN MILLIONS) ANNUAL REVENUE FOR THE YEAR ENDED DECEMBER 31, 2007 (IN MILLIONS) A O L CABLE FILMED ENTERTAINMENT NETWORKS PUBLISHING 2007 $ 46,482 $ 5,181 $ 15,955 $ 11,682 $ 10,270 $ 4,955 2006 $ 43,690 TOTAL 2005 $ 41,835 $ 46,482 2004 $ 40,439 2003 $ 38,008 ($ 1,561) INTERSEGMENT ELIMINATIONS COMPANY AND REPORT OVERVIEW TIME WARNER OVERVIEW Business Segment Profi le December 31, 2007, Time Warner Cable served television programming services. HBO offers Time Warner Inc. is a leading media and enter- AOL: AOL is a leading global ad-supported Web approximately 14.6 million customers who the most-watched premium subscription tainment company whose businesses include company, with a comprehensive display advertis- subscribed to one or more of its services, rep- television services in the U.S. and produces interactive services, cable systems, fi lmed en- ing network in the U.S. and Europe, Platform-A, resenting approximately 32.1 million reve- some of the world’s most innovative and tertainment, television networks, and pub- a leading social media network, and a worldwide nue generating units. Among its products and widely acclaimed programming. lishing. Our company is home to some of the audience of approximately 250 million monthly services are RoadRunner High Speed Online best-known brands in the industry, from CNN unique visitors as of April 2008. AOL’s suite of and Digital Phone. Publishing: Time Inc. is one of the largest content and TIME magazine to the Harry Potter popular brands and products include AOL.com companies in the world, with a portfolio of more franchise and HBO. (available in 27 countries), AIM, Bebo, MapQuest, Filmed Entertainment: Warner Bros. Enter- than 120 magazines published worldwide. It is Moviefone and Truveo. Many of AOL’s program- tainment is a leader in fi lmed entertainment the largest consumer magazine publisher in the Ownership ming sites are leaders in their categories, and related businesses across current and U.S. and is a leading publisher in the U.K. and Time Warner is incorporated in Delaware, U.S. including Music, Television, Black Voices and TMZ, emerging media and platforms. These include Mexico. As of the spring of 2008, one out of every and headquartered in New York. Time Warner according to comScore Media Metrix. AOL also feature fi lm, television, home entertainment, two American adults reads a Time Inc. magazine, common stock is traded on the New York Stock operates one of the largest Internet subscrip- comic books, brand licensing, international and one out of every six who use the Internet Exchange, under the symbol “TWX.” As of tion businesses in the U.S. cinemas, and broadcasting. In 2008, New Line visits a Time Inc. website each month. Time Inc. December 31, 2007, there were 3.593 billion Cinema began to be operated as a unit of has also extended its most powerful brands – shares of TWX common stock outstanding. Cable: Time Warner Cable Inc. is the second- Warner Bros. People, Sports Illustrated, TIME, and others – largest cable operator in the U.S., delivering to online, mobile, and other media platforms. Employees video, high-speed data, and voice services Networks: The company’s Networks business At December 31, 2007, the company had a total to customers served by technologically advan- segment consists principally of domestic More information about our businesses can of approximately 86,400 employees. ced, well-clustered systems located mainly and international networks and pay television be found at www.timewarner.com. in fi ve geographic areas: New York, the Caroli- programming services. The networks owned International Presence nas, Ohio, southern California,and Texas. As of by Turner Broadcasting System include As of December 31, 2007, Time Warner entertain- popular and trusted brands such as CNN, TNT, ment, networks, programming and interactive Cartoon Network, TBS, and Turner Classic services reached more than 200 countries and Movies. Pay television programming