EXHIBIT 23.4
 
                       CONSENT OF INDEPENDENT ACCOUNTANTS
 
     We hereby consent to the incorporation by reference in this Registration
Statement on Form S-4 of Time Warner Companies, Inc. ('TWC') related to the
registration of Debt Securities of TWC unconditionally guaranteed by Time Warner
Inc. ('TWI') 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 TWI'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
February 3, 1998