<ARTICLE> 5
<LEGEND>                          TIME WARNER INC.                    Exhibit 27
                             FINANCIAL DATA SCHEDULE

          This schedule  contains summary financial  information  extracted from
the  financial  statements  of Time Warner Inc. for the quarter  ended March 31,
1996 and is qualified in its entirety by reference to such financial statements.
</LEGEND>

<MULTIPLIER> 1,000,000
       
                                                             
<PERIOD-TYPE>                                                        3-MOS
<FISCAL-YEAR-END>                                               DEC-31-1996
<PERIOD-START>                                                  JAN-01-1996
<PERIOD-END>                                                    MAR-31-1996
<CASH>                                                                  644
<SECURITIES>                                                              0
<RECEIVABLES>                                                         2,197
<ALLOWANCES>                                                            755
<INVENTORY>                                                             446
<CURRENT-ASSETS>                                                      3,475
<PP&E>                                                                2,360
<DEPRECIATION>                                                          907
<TOTAL-ASSETS>                                                       24,832
<CURRENT-LIABILITIES>                                                 2,762
<BONDS>                                                              11,457
<COMMON>                                                                393
<PREFERRED-MANDATORY>                                                     0
<PREFERRED>                                                              36
<OTHER-SE>                                                            3,898
<TOTAL-LIABILITY-AND-EQUITY>                                         24,832
<SALES>                                                               2,068
<TOTAL-REVENUES>                                                      2,068
<CGS>                                                                 1,277
<TOTAL-COSTS>                                                         1,277
<OTHER-EXPENSES>                                                          0
<LOSS-PROVISION>                                                          0
<INTEREST-EXPENSE>                                                      247
<INCOME-PRETAX>                                                         (88)
<INCOME-TAX>                                                              5
<INCOME-CONTINUING>                                                     (93)
<DISCONTINUED>                                                            0
<EXTRAORDINARY>                                                         (26)
<CHANGES>                                                                 0
<NET-INCOME>                                                           (119)
<EPS-PRIMARY>                                                          (.39)
<EPS-DILUTED>                                                          (.39)