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TWX > SEC Filings for TWX > Form 8-K on 17-Jan-2014All Recent SEC Filings

Show all filings for TIME WARNER INC.

Form 8-K for TIME WARNER INC.


17-Jan-2014

Other Events


Item 8.01. Other Events.

On January 16, 2014, Time Warner Inc. ("Time Warner") announced that it had sold the office space it owns in Time Warner Center in New York City for approximately $1.3 billion to a venture of Related Companies, an entity owned by the Abu Dhabi Investment Authority and GIC. Time Warner will lease space in Time Warner Center back from the venture until early 2019.

Time Warner also announced that it intends to relocate its corporate headquarters and the New York City-based employees of Time Warner and its Home Box Office, Inc., Turner Broadcasting System, Inc. and Warner Bros. Entertainment Inc. subsidiaries, beginning in late 2018, to a building to be constructed at the Hudson Yards development on the west side of Manhattan.

The press release issued on January 16, 2014 relating to these matters is attached as Exhibit 99.1 to this report.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning Time Warner's planned relocation of its headquarters and operations within New York City. These statements are based on management's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological, strategic and/or regulatory factors and other factors affecting the operation of Time Warner's businesses. More detailed information about these factors may be found in filings by Time Warner with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Time Warner is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.

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