Time Magazine 2015 Annual Report Download - page 69

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TIME WARNER INC.
MANAGEMENT’S DISCUSSION AND ANALYSIS
OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION - (Continued)
the effect of union or labor disputes or professional sports league player lockouts;
the impact of terrorist acts, hostilities, natural disasters (including extreme weather) and pandemic viruses; and
the other risks and uncertainties detailed in “Risk Factors” in this 2015 Annual Report to Shareholders.
Any forward-looking statement made by the Company in this 2015 Annual Report to Shareholders speaks only as of
the date on which it is made. The Company is under no obligation to, and expressly disclaims any obligation to, update or
alter its forward-looking statements, whether as a result of new information, subsequent events or otherwise.
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