December 14, 1998

Time Warner to Contribute $1.25 Million to Honor Former U.S. Commerce Secretary Ronald H. Brown

Donations to Create Endowments at Middlebury College, Howard University and to Benefit Ronald H. Brown Foundation

Time Warner Inc. will contribute a total of $1.25 million to honor the memory and support the legacy of Ronald H. Brown, the former U.S. Secretary of Commerce, it was announced jointly today by The Ronald H. Brown Foundation, Howard University and Middlebury College, the late Secretary's alma mater.

Time Warner will contribute $500,000 each to Howard University and Middlebury College over a four-year period to create a Ronald H. Brown/Time Warner Endowment Fund at each institution. Income from the endowment funds will be used to support initiatives that reflect Secretary Brown's commitment to global awareness and his understanding of the important relationships of history, language, politics, economics and diplomacy.

Time Warner recently contributed $100,000 to The Ronald H. Brown Foundation in support of the Foundation's Center for Politics and Commercial Diplomacy in Washington, D.C., and will contribute an additional $150,000 to the Foundation over the next three years.

Gerald M. Levin, chairman and chief executive officer of Time Warner Inc., said: "We are pleased to have the opportunity to honor the extraordinary life and career of Ron Brown and to advance the values of public service, education and global awareness that he fostered. Time Warner has a longstanding commitment to enhance the quality of education in the communities we serve, so we are particularly pleased that our contributions will be used to support the important educational mission of The Ronald H. Brown Foundation, and to provide a unique learning experience for students and executives at Howard University and Middlebury College."

Michael Brown, president and chief executive officer of The Ronald H. Brown Foundation, said: "One of the greatest lessons my father taught me was the importance of giving back to the community. Through the generous and early support of Gerald Levin and Time Warner, the inaugural class of Ron Brown Fellows is living that lesson by taking their Washington education in political and community activism back to their own communities to make a difference. My family is grateful that Time Warner, Howard University, and Middlebury College are continuing my father's legacy by supporting tomorrow's leaders through this new gift to the foundation and in the creation of the endowment funds."

H. Patrick Swygert, president of Howard University, said: "Ron Brown was a great friend of Howard University and all of higher education. One of his last public appearances before his untimely death was at the Howard University School of Business where he encouraged students to pursue careers in international commerce. Howard University is grateful to Time Warner, its chairman and chief executive officer, Gerald M. Levin, and its president, Howard University Trustee Richard D. Parsons, for making this grant possible."

John M. McCardell, Jr., president of Middlebury College, said: "Middlebury College is pleased and grateful to have the opportunity, with Time Warner's generous donation, to give memorial and perpetual substance to Ron Brown's belief, stated in College publications: 'I support international study and the doors of opportunity that study will open.' The endowment funds will enable our students to broaden the reach of their own understanding and thus become better prepared to assume roles of leadership in a new century." Ronald H. Brown graduated from Middlebury College in 1962, and was a trustee of the College at the time of his death.

Among the specific initiatives to be supported by the endowment funds are:

The Ralph J. Bunche International Affairs Center and School of Business of Howard University and the Geonomics Institute of Middlebury College will invite leaders of business and international affairs to visit each campus as Executives-in-Residence. These individuals will spend three or four days on campus, meeting with students and faculty, attending classes, and delivering a public lecture.

Howard University and Middlebury College will also use a portion of the endowment funds to support internships that offer students hands-on experience in an international setting or in a business or institution that deals with international issues. As members of the board of governing schools of the Brown Foundation's Center for Politics and Commercial Diplomacy, both Howard University and Middlebury College are home to members of the inaugural class of Ron Brown Fellows.

The Ronald H. Brown Foundation was founded in June 1996 to carry on the legacy of the late Commerce Secretary's vision. The foundation's mission includes running an educational center that offers a curriculum of international business and non-partisan political development courses.

The Ronald H. Brown Foundation's Center for Politics and Commercial Diplomacy offers undergraduate education programs in political skills development and commercial diplomacy that are unique in their combination of classroom instruction and experiential learning. Students selected to participate are awarded Ron Brown Fellowships, which provide for students' expenses while in Washington. The Center also offers a seminar series, begun in 1996, that brings together recognized authorities to discuss and debate current topics in politics and commercial diplomacy.

Howard University, a private, coeducational Research I institution located in Washington, D.C., has provided leadership for America and the global community since 1867. The University is comprised of 12 schools and offers undergraduate, graduate and professional degrees through more than 180 areas of academic concentration. Its 11,000 students come from all 50 states and more than 100 foreign countries. Howard University continues to attract the nation's top students and produces more African-American Ph.D.s than any other college or university.

Notable Howard University alumni include: Debbie Allen, producer and choreographer; Vernon Jordan, attorney and civil rights leader; Dr. LaSalle Leffall Jr., the first African-American president of the American College of Surgeons; the late U.S. Supreme Court Justice Thurgood Marshall; Nobel Laureate Toni Morrison, Pulitzer Prize-winning author; Diva Jessye Norman; Frank Savage, chairman of Alliance Capital Management International and chairman of the Howard University Board of Trustees; Howard University President H. Patrick Swygert; and The Honorable Andrew Young, the first African-American United Nations ambassador.

Middlebury College was founded in 1800 to train young men for the ministry. It has developed from "the town's college" into an institution of international stature that provides its 2,160 undergraduates with a liberal arts education adapted to the needs of the 21st century. The Middlebury Language Schools, the Bread Loaf School of English, and the Bread Loaf Writers' Conference offer a variety of programs in language and literature during the summer. Middlebury began accepting women as students in 1883. The first African-American to graduate from an American college earned his degree at Middlebury in 1823. Middlebury's student body comes from 50 states and more than 70 foreign countries. International students-10 percent of the total-contribute significantly to the global atmosphere of the College's Vermont campus.

Time Warner Inc. (NYSE: TWX), the world's leading media company, consists of four businesses: cable networks, publishing, entertainment and cable.


Edward Adler, Time Warner Inc., (212) 484-6630

Scott Miller, Time Warner Inc, (212) 484-8736

Kelly Anne Gallagher, Ronald H. Brown Foundation, (202) 835-0700 ext. 157

Donna Brock, Howard University, (202) 238-2338

Will Melton, Middlebury College, (802) 443-3177