EXHIBIT 23.3
 
                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
 
     As  independent public  accountants, we  hereby consent  to the  use of our
reports and to all  references to our Firm  included in or made  a part of  this
Registration Statement on Form S-3 for the registration under the Securities Act
of  1933,  as  amended,  of  Debt  Securities  of  Time  Warner  Companies, Inc.
unconditionally guaranteed by Time Warner Inc.
 
                                          ARTHUR ANDERSEN LLP
 
Stamford, Connecticut
November 26, 1996