DiversityInc last night announced that Time Warner was named to its annual “Top 50 Companies for Diversity” list for the fifth consecutive year and to its “Top 10 Companies for LGBT Employees” list for the second consecutive year. The company was recognized for promoting diversity through innovative initiatives such as its cross-cultural mentoring program and for making impressive strides in developing a talent pipeline. Time Warner was named DiversityInc’s 2013 “Top Company for Executive Development.”

“At Time Warner, advancing diversity in both our workforce and the content we create and share is a business priority,” said Jeff Bewkes, Chairman and CEO, Time Warner Inc. “Without cultivating new voices and tapping into diverse talent, we would not be able to fulfill our mission of delivering great storytelling to an increasingly global and multicultural audience.”

DiversityInc highlighted Time Warner’s strong leadership efforts to promote diversity including Bewkes’ implementation of Diversity Performance Goals in which 30% of executive compensation is tied to diversity. Time Warner’s managers actively participate in cross-cultural mentoring and over 30% of employees participate in the company’s Business Resource Groups which are dedicated to talent development, community outreach and diversity training.

“Our success as a business is directly correlated to our ongoing efforts to attract diverse talent and maintain a progressive and inclusive environment where employees can thrive, regardless of gender, race, ethnicity or sexual orientation,” said Lisa Garcia Quiroz, Chief Diversity Officer and Senior Vice President, Time Warner Inc. “Time Warner’s diverse workplace strengthens our ability to create content that resonates with audiences across the globe.”

Time Warner ranked no. 4 on DiversityInc’s 2014 “Top 10 Companies for LGBT Employees” list and no. 7 on the list in 2013. Last year, Time Warner Inc. became the first major media and entertainment company to implement tax equalization on benefits for employees in same-sex marriages, or in same-sex partnerships in states where same-sex marriage is not legal.

About Time Warner Inc.

Time Warner Inc., a global leader in media and entertainment with businesses in television networks, film and TV entertainment and publishing, uses its industry-leading operating scale and brands to create, package and deliver high-quality content worldwide through multiple distribution outlets.