Time Magazine 2010 Annual Report Download - page 11

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Reecting our condence and our commitment to
continue to improve shareholder returns, in early
2011 we raised our dividend by 11% and increased
our stock buyback authorization to $5 billion. For
2011, we also plan to invest even more in our busi-
nesses, which we’ll fund in part by continuing to
manage aggressively our overhead costs.
As we pursue our business objectives, we also remain
committed to our corporate social responsibility
efforts, which have included such initiatives as Turner’s
Cartoon Network’s anti-bullying campaign, Time Inc.’s
efforts to reduce paper waste, Warner Bros.’ leader-
ship in reducing depictions of tobacco use in lms,
and our company-wide Ethical Sourcing Guidelines.
These efforts, coupled with our support of public
policies that promote freedom of expression, access
to information and respect for intellectual property
rights, are important to the long-term sustainability of
the company and the global community we serve. The
company’s efforts have earned many accolades, and
we were particularly proud to be named a 2011 recipi-
ent of the prestigious Catalyst Award for our diversity
initiatives and investment in our women leaders.
My colleagues and I greatly appreciate the trust you
have put in Time Warner and will continue to work
hard on your behalf.
Jeff Bewkes
Chairman and CEO
April 5, 2011