<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>

                                                                    Exhibit 27.2

                               TIME WARNER INC.
                        RESTATED FINANCIAL DATA SCHEDULE


         This schedule contains summary financial information extracted from the
restated  financial  statements  of Time Warner Inc.  for the three months ended
March 31, 1999 and is qualified  in its entirety by reference to such  financial
statements.
</LEGEND>
<MULTIPLIER> 1,000,000

<S>                                                           <C>
<PERIOD-TYPE>                                                 3-MOS
<FISCAL-YEAR-END>                                             DEC-31-1999
<PERIOD-START>                                                JAN-01-1999
<PERIOD-END>                                                  MAR-31-1999
<CASH>                                                                  620
<SECURITIES>                                                              0
<RECEIVABLES>                                                         5,437
<ALLOWANCES>                                                          1,422
<INVENTORY>                                                           6,359
<CURRENT-ASSETS>                                                      8,322
<PP&E>                                                               13,434
<DEPRECIATION>                                                        5,270
<TOTAL-ASSETS>                                                       47,367
<CURRENT-LIABILITIES>                                                 8,446
<BONDS>                                                              17,527
<COMMON>                                                                 12
<PREFERRED-MANDATORY>                                                     0
<PREFERRED>                                                               2
<OTHER-SE>                                                            8,887
<TOTAL-LIABILITY-AND-EQUITY>                                         47,367
<SALES>                                                               6,091
<TOTAL-REVENUES>                                                      6,091
<CGS>                                                                 3,385
<TOTAL-COSTS>                                                         3,385
<OTHER-EXPENSES>                                                          0
<LOSS-PROVISION>                                                          0
<INTEREST-EXPENSE>                                                      368
<INCOME-PRETAX>                                                         304
<INCOME-TAX>                                                            166
<INCOME-CONTINUING>                                                     138
<DISCONTINUED>                                                            0
<EXTRAORDINARY>                                                           0
<CHANGES>                                                                 0
<NET-INCOME>                                                            138
<EPS-BASIC>                                                         0.10
<EPS-DILUTED>                                                         0.10



</TABLE>