Time Warner Inc. said it will donate a minimum of $1 million to aid in Hurricane Sandy relief efforts, joining several other media, cable and telecom companies that have committed funds for storm recovery.
The media company will donate $500,000 to the Mayor's Fund to Advance New York City and another $500,000 to other organizations helping people affected by the storm in the greater New York metro area.
“New York City is our corporate home, the home to thousands of our employees, and the location for so many of our film and television productions,” Time Warner chairman and CEO Jeff Bewkes said in announcing the donation. “We feel a special kinship with all those who have been affected by this devastating storm.”
In addition, Time Warner -- parent company of HBO, Turner Broadcasting System, Warner Bros. Entertainment and Time Inc. -- will match all U.S. employee donations to Sandy relief efforts, up to a specified amount. The company is encouraging employees to visit and support organizations including New York Cares, NYC Service, the Long Island Volunteer Group and the New York Food Bank, where it will be participating in a company-wide volunteer day in the coming weeks.