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TIME WARNER ANNOUNCES OFFERING OF NOTES

 NEW YORK, Jan. 19 /PRNewswire/ -- Time Warner Inc. (NYSE: TWX) today announced the offering of $500 million principal amount of Time Warner Inc. 7.45 percent Senior Notes due 1998 and $500 million of 7.95 percent Senior Notes due 2000, it was announced by Time Warner CEO and President Gerald M. Levin.
 It is the company's intention to use the net proceeds of the offerings to repurchase or redeem the company's Series C or Series D preferred stock or the company's outstanding indebtedness, although any decision to repurchase or redeem will depend on a number of factors, including market conditions at the time.
 The closing of the offerings is scheduled for Jan. 28, 1993.
 The underwriters of the issue are Salomon Brothers Inc, Merrill Lynch & Co and Lazard Freres & Co. The offerings are made only through a prospectus, which may be obtained from the underwriters.
 Time Warner Inc. is the world's leading media and entertainment company, with interests in magazine and book publishing, recorded music and music publishing, filmed entertainment, cable television and cable television programming.
 -0- 1/19/93
 /CONTACT: Edward Adler, 212-484-6630, for Time Warner/
 (TWX)


CO: Time Warner Inc. ST: New York IN: ENT SU: OFR

SH -- NY081 -- 6457 01/19/93 14:49 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jan 19, 1993
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