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                                                                    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 Companies, Inc. related to the registration
of Guarantees 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 Time Warner Inc. 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
November 3, 1997