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Shareholders' Equity
6 Months Ended
Jun. 30, 2011
Shareholders' Equity Disclosure [Abstract]  
6. SHAREHOLDERS' EQUITY

6.       SHAREHOLDERS' EQUITY

Common Stock Repurchase Program

 

On January 25, 2011, Time Warner's Board of Directors increased the amount remaining on the Company's common stock repurchase program to $5.0 billion for share repurchases beginning January 1, 2011. Purchases under the stock repurchase program may be made from time to time on the open market and in privately negotiated transactions. The size and timing of these purchases are based on a number of factors, including price and business and market conditions. From January 1, 2011 through June 30, 2011, the Company repurchased approximately 56 million shares of common stock for approximately $2.000 billion pursuant to trading programs under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.