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TIME WARNER CALLS FOR REDEMPTION

 NEW YORK, Aug. 12 /PRNewswire/ -- Time Warner Inc. (NYSE: TWX) today announced that its subsidiary, Warner Communications Inc., has called for redemption all of the approximately $138 million outstanding principal amount of WCI's 11 percent debentures (originally issued by Lorimar Telepictures Corporation) due 1999. The redemption date will be Sept. 10, 1993.
 The debentures will be redeemed at a redemption price of 103.3 percent of their principal amount plus accrued interest to the redemption date.
 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- 8/12/93
 /CONTACT: Jeanette Lerman of Time Warner Inc., 212-484-6602/
 (TWX)


CO: Time Warner Inc. ST: New York IN: PUB SU:

MP -- NY009 -- 2007 08/12/93 09:12 EDT
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Publication:PR Newswire
Date:Aug 12, 1993
Words:139
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