EXHIBIT 23.4
 
                        CONSENT OF INDEPENDENT AUDITORS
 
     We consent to the reference to our firm under the caption 'Experts' in  the
Registration  Statement on Form  S-3 and related Prospectus  of Time Warner Inc.
('TWI') and  Time Warner  Financing  Trust for  the registration  of  12,057,561
Preferred Exchangeable Redemption Cumulative Securities ('PERCS'), the guarantee
of  the PERCS by TWI, the exchange rights  of TWI, and the subordinated notes of
TWI, and  to the  incorporation by  reference therein  of (i)  our report  dated
October   7,  1994,  with  respect  to  the  financial  statements  of  Newhouse
Broadcasting  Cable   Division   of  Newhouse   Broadcasting   Corporation   and
Subsidiaries  for each of the three years in the period ended July 31, 1994, and
(ii) our report dated March 24,  1995, with respect to the financial  statements
of  Vision Cable Division of Vision  Cable Communications, Inc. and Subsidiaries
for each of the three years in the period ended December 31, 1994, appearing  in
the  Current  Report on  Form 8-K  of TWI  dated  May 30,  1995, filed  with the
Securities and Exchange Commission.
 
                                          /s/ Paul Scherer & Company LLP
                                          PAUL SCHERER & COMPANY LLP
 
New York, New York
June 8, 1995