Time Warner Q4 2005 Earnings Conference Call Transcript (TWX)

Time Warner (TWX)
Q4 2005 Earnings Conference Call
February 1st 2006, 8:30 AM.

Executives:

James Burtson, Vice President of Investor Relations
Dick Parsons, Chairman and Chief Executive Officer
Wayne Pace, Chief Financial Officer
Jeff Bewkes, Chairman Entertainment & Networks Group

Analysts:

Lowell Singer, SG Cowen
Spencer Wang, JP Morgan
William Drewry, Credit Suisse
Anthony Noto, Goldman Sachs
Douglas Shapiro, Banc of America
Doug Mitchelson, Deutsche Bank
Thomas Eagan, Oppenheimer
Tuna Amobi, Standard & Poors
Katherine Styponias, Prudential
Raymond Katz, Bear Stearns

Presentation

Operator

Hello and welcome to the Time Warner Fourth Quarter 2005 Earnings Call. At this time all participants are in a listen-only mode. During the question and answer session please press “*