EXHIBIT 23.4
 
                        CONSENT OF INDEPENDENT AUDITORS
 
     We  consent to  the reference  to our firm  under the  caption 'Experts' in
Pre-Effective Amendment  No.  2  to Registration  Statement  Nos.  33-60203  and
33-60203-01  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
August 4, 1995