<ARTICLE>       5 
<LEGEND>
TIME WARNER INC.
FINANCIAL DATA SCHEDULE

   This schedule contains summary financial information extracted
from the financial statements of Time Warner Inc. for the quarter
ended June 30, 1995 and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000,000
       
                                        
<PERIOD-TYPE>                              6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               JUN-30-1995
<CASH>                                     597
<SECURITIES>                               0
<RECEIVABLES>                              2,033
<ALLOWANCES>                               738
<INVENTORY>                                444
<CURRENT-ASSETS>                           3,167
<PP&E>                                     1,551
<DEPRECIATION>                             755
<TOTAL-ASSETS>                             17,788
<CURRENT-LIABILITIES>                      2,945
<BONDS>                                    9,593
<COMMON>                                   384
<PREFERRED-MANDATORY>                      0
<PREFERRED>                                4
<OTHER-SE>                                 1,091
<TOTAL-LIABILITY-AND-EQUITY>               17,788
<SALES>                                    3,724
<TOTAL-REVENUES>                           3,724
<CGS>                                      2,122
<TOTAL-COSTS>                              2,122
<OTHER-EXPENSES>                           0
<LOSS-PROVISION>                           0
<INTEREST-EXPENSE>                         429
<INCOME-PRETAX>                            33
<INCOME-TAX>                               88
<INCOME-CONTINUING>                        (55)
<DISCONTINUED>                             0
<EXTRAORDINARY>                            0
<CHANGES>                                  0
<NET-INCOME>                               (55)
<EPS-PRIMARY>                              (.17)
<EPS-DILUTED>                              (.17)