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TIME WARNER FILES SHELF REGISTRATION FOR $2 BILLION WITH SEC

 NEW YORK, Jan. 14 /PRNewswire/ -- Time Warner Inc. (NYSE: TWX) has filed a shelf registration for $2 billion with the Securities and Exchange Commission, it was announced today by Time Warner CEO and President Gerald M. Levin.
 Time Warner has taken this action to be in a position to sell debt securities from time to time depending on market conditions and the company's plans.
 The net proceeds to Time Warner from the sale of the debt securities will be used for the repurchase or redemption of the company's Series C or Series D preferred stock or the company's outstanding indebtedness.
 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- 1/14/93
 /CONTACT: Edward Adler for Time Warner, 212-484-6630/
 (TWX)


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

LR -- NY069 -- 4992 01/14/93 15:27 EST
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jan 14, 1993
Words:162
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