EXHIBIT 23.4
 
                       CONSENT OF INDEPENDENT ACCOUNTANTS
 
     We hereby consent to the incorporation by reference in this Registration
Statement on Form S-3 of Time Warner Inc. (the 'Issuer') related to the
registration of Debt Securities of the Issuer unconditionally guaranteed by Time
Warner Companies, Inc. and Turner Broadcasting System, Inc. of our report on the
Paragon Communications financial statements and schedule dated January 19, 1995,
except as to Note 6, which is as of January 27, 1995, which is incorporated by
reference in the Issuer's Annual Report on Form 10-K for the year ended December
31, 1996. We also consent to the reference to us under the heading 'Experts' in
such Registration Statement.
 
PRICE WATERHOUSE LLP
 
Denver, Colorado
January 9, 1998