Time Warner Inc. Announces "Principals Of Excellence" Awards

New York, NY – Time Warner Inc. (NYSE: TWX) announced today the creation of the "Principals of Excellence" Awards – designed to celebrate the leadership of exemplary principals in New York City public schools.

Time Warner has had a longstanding involvement with the New York City public schools, focusing its philanthropic support to a significant degree on strengthening public school leadership. These awards are designed to raise public awareness of the extraordinary skills of principals in the New York City public school system.

"There are many unsung heroes in New York City, and among them are the principals of our public schools. The depth and scope of their jobs is extraordinary" says Lisa M. Quiroz, Senior Vice President - Corporate Responsibility for Time Warner. "The Principals of Excellence Awards were created to shine a light on these remarkable leaders and help give our city’s principals the recognition they deserve for the critical role they play in the success of their schools and students"

Through the Principals of Excellence Awards, four principals will be recognized for quality leadership and dedication to the students of the city. Each Award will include a $20,000 grant for the school, to be designated for use by the principal, and a $5,000 honorarium, which will go directly to the principal. The Awards will be presented at a special reception and dinner ceremony, in honor of the winners, at Time Warner’s headquarters at Columbus Circle on October 10, 2007.

The Award recipients will be chosen by Time Warner through a two-step nomination and application process, and selections will be based on each principal’s outstanding characteristics as a leader and accomplishments in student achievement. In making the selection, Time Warner will be advised by a panel of independent education experts.

The Awards are open to any principal currently working in a New York City public school – regardless of whether it’s an elementary, middle or high school, a large established school, or a new small school – who has a minimum of three years’ cumulative career experience as a New York City public school principal.

Principals may be nominated in two ways:

* – By their peers: Nominations may be submitted by principals currently working in the public schools and by former principals acting as mentors or in other support roles.


* – By the public: Nominations may also be submitted by individuals who have direct and current experience working with a principal and school. They include a parent or teacher at the school; a leader in the public, private or non-profit sector; a community partner.



The deadline for nominations is June 18, 2007. Information on the Awards is being disseminated through the New York City Department of Education, the Council of School Supervisors and Administrators, and PENCIL.

Each nominated principal will receive an application package requesting information about the school, letters of recommendation, and a written statement by the principal. The deadline for applications will be July 31, 2007. The Award winners will be announced at the beginning of the 2007-2008 school year.

Additional information about the Awards is available online at www.timewarner.com/principalsawards.