SEC Filings

425
TIME WARNER INC. filed this Form 425 on 02/25/2000
Entire Document
 
<PAGE>
 
                                                                               6

        . in the publishing business, cross-marketing opportunities between
          Time Warner's prominent brands and America Online's interactive
          services are expected to provide new opportunities for subscriber
          growth.

     Finally, AOL Time Warner will have enhanced advertising and revenue
     potential due to its ability to offer promotional packages that include
     both traditional and online components.

Q.   How does Time Warner believe the merger will affect consumers?

A.   Time Warner believes that the combination of Time Warner and America Online
     has the potential to provide increased benefits for consumers. Through the
     combination of Time Warner's programming capabilities with America Online's
     Internet capabilities, AOL Time Warner is expected to be able to provide
     consumers with enhanced access to a broad selection of high quality content
     and interactive services.  In addition, through the cooperative efforts of
     employees with creative and journalistic talents and employees with
     technological expertise, AOL Time Warner is expected to offer new and
     innovative products and services that are particularly suited to
     interactive media.

Q.   How does Time Warner believe that the future of the Internet will be
     determined?

A.   Time Warner believes that the future of the Internet will be determined by
     companies that are able to take advantage of the distribution channels
     created by the Internet through providing compelling entertainment and
     informational content--companies like AOL Time Warner.

Q.   What impact does Time Warner expect the merger to have on its financial
     condition?

A.   The combination of Time Warner and America Online is expected to strengthen
     the financial condition of both Time Warner and America Online.