<ARTICLE>                     5
<LEGEND>
This schedule contains summary financial information extracted from the
financial statements of Time Warner Inc. for the twelve months ended December
31, 1997 and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<MULTIPLIER> 1,000,000
       
                                                             
<PERIOD-TYPE>                                                   12-MOS
<FISCAL-YEAR-END>                                               DEC-31-1997
<PERIOD-START>                                                  JAN-01-1997
<PERIOD-END>                                                    DEC-31-1997
<CASH>                                                                  645
<SECURITIES>                                                              0
<RECEIVABLES>                                                         3,438
<ALLOWANCES>                                                            991
<INVENTORY>                                                           2,596
<CURRENT-ASSETS>                                                      5,011
<PP&E>                                                                3,240
<DEPRECIATION>                                                        1,151
<TOTAL-ASSETS>                                                       34,163
<CURRENT-LIABILITIES>                                                 4,371
<BONDS>                                                              11,833
<COMMON>                                                                  6
<PREFERRED-MANDATORY>                                                 1,857
<PREFERRED>                                                               4
<OTHER-SE>                                                            9,346
<TOTAL-LIABILITY-AND-EQUITY>                                         34,163
<SALES>                                                              13,294
<TOTAL-REVENUES>                                                     13,294
<CGS>                                                                 7,542
<TOTAL-COSTS>                                                         7,542
<OTHER-EXPENSES>                                                          0
<LOSS-PROVISION>                                                          0
<INTEREST-EXPENSE>                                                    1,049
<INCOME-PRETAX>                                                         832
<INCOME-TAX>                                                            531
<INCOME-CONTINUING>                                                     301
<DISCONTINUED>                                                            0
<EXTRAORDINARY>                                                         (55)
<CHANGES>                                                                 0
<NET-INCOME>                                                            246
<EPS-PRIMARY>                                                         (0.03)
<EPS-DILUTED>                                                         (0.13)