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TIME WARNER INC. ELECTS FOUR NEW MEMBERS TO ITS BOARD OF DIRECTORS

 NEW YORK, May 20 /PRNewswire/ -- Time Warner Inc. (NYSE: TWX) announced today that it has elected four new members Carla A. Hills, David Kearns, Reuben Mark, and Fay Vincent to its board of directors at its annual shareholders meeting held today in New York City. Edward Finkelstein and Henry Luce III were reelected to new terms as directors at the meeting.
 Below are biographies of the four new directors:
 Ambassador Carla A. Hills, 59, has had both broad and varied service in government. Among other positions, she was United States Trade Representative from 1989 to 1993, serving as President Bush's principal advisor on international trade policy as well as the nation's chief trade negotiator. She served as secretary of the United States Department of Housing and Urban Development in the Ford Administration. Prior to that, she was the co-managing partner of the Washington office of Weil, Gotshal and Manges. From 1974 to 1975 she was assistant attorney general, civil division, of the United States Department of Justice. Ms. Hills was chairman of the Urban Institute from 1983 through 1988, and was a member of the executive committee of the American agenda, co-chaired by Presidents Ford and Carter. In 1981- 1982, she served as vice chairman of President Reagan's Commission on Housing and in 1985-1986 as a member of the President's Commission on Defense Management. She has also served as a trustee of the Brookings Institution and the Rand Corporation and as a member of the Tri-lateral Commission. Ms. Hills has been active in the American Bar Association serving as chairman of Section of Antitrust Law in 1982-1983, and as chairman of the Conference of Section Chairman in 1983-1984.
 Ms. Hills has previously served on the boards of Chevron, Corning Glass Works, the Federal National Mortgage Association, American Airlines and the Henley Group.
 David T. Kearns, 62, is the retired chairman and CEO of Xerox Corporation. He held the position of CEO from 1982 until 1991. From 1991 to 1993 he was deputy secretary of the U.S. Department of Education. Prior to joining Xerox, Mr. Kearns was a vice president in the data processing division of IBM. Mr. Kearns formerly served as chairman of the boards of the National Urban League, Junior Achievement and the University of Rochester. He is a member of the board of directors of The Chase Manhattan Corporation and the board of trustees of the University of Rochester. He is a member of the Business Council, the American Philosophical Society and the Council of Foreign Relations. He was on the Time Warner Inc. board from 1978 until 1991.
 Reuben Mark, 54, is chairman and CEO of the Colgate-Palmolive Company. He joined Colgate in 1963 after graduating from Harvard Business School. He served in a series of domestic and international assignments before being made chief executive officer in 1984 and chairman of the board in 1986. Mr. Mark is also chairman of the New York City Partnership's Education and Youth Employment Committee. Mr. Mark is an advocate at both the city and state governmental levels for New York City schools, teachers and students. He is a trustee of Bank Street College and is also a member of the Board of The Fund for New York City Public Education, Catalyst, the women's organization, and the National Center for Learning Disabilities. He is on the advisory board of the New York City Public Schools/Bank Street College Professional Development Center and is co-chairman of the School and Business Alliance of New York. He is on the board of The New York Stock Exchange and Toys `R' Us.
 Francis T. (Fay) Vincent, Jr., 54, served as major league baseball's eighth commissioner from 1989 to 1992. Mr. Vincent was the deputy commissioner under A. Bartlett Giamatti. Earlier he served as executive vice president of The Coca-Cola Company until July 1988. He joined Columbia Pictures Industries, Inc. in July 1978 as president and chief executive officer. In March 1982, following the acquisition of Columbia by The Coca-Cola Company, he was appointed chairman and CEO of Columbia Pictures Industries, Inc. and was elected senior vice president of The Coca-Cola Company and president and CEO of its Entertainment Business Sector. In April 1986, he was promoted to executive vice president of The Coca-Cola Company, responsible for all its entertainment activities. Prior to joining Columbia, Mr. Vincent was associate director of the division of corporation finance of the U.S. Securities and Exchange Commission. He was a partner in the Washington law firm of Caplin & Drysdale from 1968 to 1978, where he specialized in corporate, banking and securities matters. He is a trustee of Carleton College.
 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- 5/20/93
 /CONTACT: Edward Adler of Time Warner, 212-484-6630/
 (TWX)


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

TS -- NY022 -- 0795 05/20/93 13:06 EDT
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Date:May 20, 1993
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