Time Warner (TWX) Q1 2011 Earnings Call May 4, 2011 10:30 AM ET
Executives
John Martin - Chierf Administrative Officer, Chief Financial Officer and Executive Vice President
Jeffrey Bewkes - Chairman and Chief Executive Officer
Douglas Shapiro - Head of Investor Relations
Analysts
Jessica Cohen - BofA Merrill Lynch
Anthony Wible - Janney Montgomery Scott LLC
Spencer Wang - Crédit Suisse AG
Benjamin Swinburne - Morgan Stanley
Richard Greenfield - BTIG, LLC
Michael Nathanson - Nomura Securities Co. Ltd.
David Miller - Caris & Company
Douglas Mitchelson - Deutsche Bank AG
John Janedis - UBS Investment Bank
Operator
Good day, ladies and gentlemen, and welcome to the Time Warner First Quarter 2011 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded for replay purposes. I would now like to turn the conference over to your host for today, Mr. Doug Shapiro, SVP Investor Relations. Please proceed.
Douglas Shapiro
Well, thanks a lot, and good morning, everyone. This morning, we issued 2 press releases: One, detailing our results for the first quarter, and the other reaffirming our 2011 full year business outlook.
Before we begin, there are two items I need to cover. First, we refer to certain non-GAAP financial measures. Schedules setting out reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are included in our earnings release and trending schedules. These reconciliations are available on our website at timewarner.com/investors. Reconciliations of our expected future financial performance are also included in the business outlook release that's on our site.
Second, today's announcement includes certain forward-looking statements, which are based on management's current expectations. Actual results may vary materially from those expressed or implied by these statements due to various factors. These factors are discussed in detail in Time Warner's SEC filings, including its most recent Annual Report on
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