<ARTICLE> 5
<LEGEND>

                                                                   Exhibit 27
                                TIME WARNER INC.
                             FINANCIAL DATA SCHEDULE


     This schedule  contains summary  financial  information  extracted from the
financial  statements of Time Warner Inc. for the six months ended June 30, 1999
and is qualified in its entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000,000

                                            
<PERIOD-TYPE>                                  6-MOS
<FISCAL-YEAR-END>                              DEC-31-1999
<PERIOD-START>                                 JAN-01-1999
<PERIOD-END>                                   JUN-30-1999
<CASH>                                                   304
<SECURITIES>                                               0
<RECEIVABLES>                                          3,272
<ALLOWANCES>                                             875
<INVENTORY>                                            2,761
<CURRENT-ASSETS>                                       4,903
<PP&E>                                                 3,459
<DEPRECIATION>                                         1,432
<TOTAL-ASSETS>                                        31,893
<CURRENT-LIABILITIES>                                  4,136
<BONDS>                                               10,765
<COMMON>                                                  12
<PREFERRED-MANDATORY>                                      0
<PREFERRED>                                                2
<OTHER-SE>                                             9,078
<TOTAL-LIABILITY-AND-EQUITY>                          31,893
<SALES>                                                6,840
<TOTAL-REVENUES>                                       6,840
<CGS>                                                  3,685
<TOTAL-COSTS>                                          3,685
<OTHER-EXPENSES>                                           0
<LOSS-PROVISION>                                           0
<INTEREST-EXPENSE>                                       469
<INCOME-PRETAX>                                        1,368
<INCOME-TAX>                                             637
<INCOME-CONTINUING>                                      731
<DISCONTINUED>                                             0
<EXTRAORDINARY>                                            0
<CHANGES>                                                  0
<NET-INCOME>                                             731
<EPS-BASIC>                                              0.56
<EPS-DILUTED>                                              0.54