Item 8.01. Other Events.

Computation of Ratio of Earnings to Fixed Charges

Time Warner Inc. ("Time Warner" or the "Company") is filing this Current Report on Form 8-K to file the computation of its ratio of earnings to fixed charges for the three months ended March 31, 2012 and each of the five years from 2007 through 2011 as an exhibit for incorporation by reference into its Registration Statement on Form S-3 (File No. 333-165156) (the "Registration Statement").

Legal Proceedings

Time Warner is also filing this Current Report on Form 8-K for the purpose of incorporating by reference the following disclosure into the Registration Statement.

Reference is made to the lawsuit filed against the Company and several other programming content providers, as well as cable and satellite providers, described on page 33 of the Company's Annual Report on Form 10-K for the year ended December 31, 2011 (the "2011 Form 10-K") and page 43 of the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2012 (the "March 2012 Form 10-Q"). On May 4, 2012, the U.S. Court of Appeals for the Ninth Circuit denied plaintiffs' petition for a rehearing en banc.

Reference is made to the lawsuit filed by Anderson News L.L.C. and Anderson Services L.L.C. described on page 33 of the 2011 Form 10-K and page 43 of the March 2012 Form 10-Q. On April 17, 2012, defendants filed a petition for a panel rehearing or a rehearing en banc with the U.S. Court of Appeals for the Second Circuit.

Item 9.01. Financial Statements and Exhibits.

Exhibit Description

12.1 Computation of ratio of earnings to fixed charges.

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