<PAGE>

                               POWER OF ATTORNEY
 
     KNOW  ALL MEN BY THESE  PRESENTS that each of  the undersigned officers and
directors of  TIME  WARNER INC.,  a  Delaware Corporation  (the  'Corporation'),
hereby  constitutes and appoints  RICHARD J. BRESSLER, PETER  R. HAJE, GERALD M.
LEVIN, PHILIP R. LOCHNER, JR.  and RICHARD D. PARSONS and  each of them, his  or
her true and lawful attorneys-in-fact and agents, with full power to act without
the  others, for him or her and in his  or her name, place and stead, in any and
all capacities, to  sign the Corporation's  Annual Report on  Form 10-K for  the
year  ended December 31, 1995, pursuant to Section 13 of the Securities Exchange
Act of 1934, as amended (the 'Exchange Act'), and to sign any and all amendments
to said Annual  Report on  Form  10-K, and to  file such Annual  Report on  Form
10-K,  with all exhibits thereto, and any  and all other documents in connection
therewith, with the Securities and Exchange Commission, under the provisions  of
the  Exchange Act, hereby  granting unto said  attorneys-in-fact and agents, and
each of them, full power  and authority to do and  perform any and all acts  and
things requisite and necessary to be done in and about the premises, as fully to
all  intents and  purposes as  he or  she might  or could  do in  person, hereby
ratifying and confirming all that said  attorneys-in-fact and agents, or any  of
them, may lawfully do or cause to be done by virtue hereof.
 
     IN  WITNESS WHEREOF, each  of the undersigned  has hereunto set  his or her
name as of the 21st day of March, 1996.


(i)   Principal Executive Officer:

      GERALD M. LEVIN
      -----------------------------------
      Gerald M. Levin
       Director, Chairman of the Board
       and Chief Executive Officer


(ii)  Principal Financial Officer:


      RICHARD J. BRESSLER
      -----------------------------------
      Richard J. Bressler
       Senior Vice President and
       Chief Financial Officer

<PAGE>
<PAGE>


(iii) Principal Accounting Officer:


      JOHN A. LaBARCA
      -----------------------------------
      John A. LaBarca
       Vice President and Controller



(iv) Directors:


      -----------------------------------
      Merv Adelson


      -----------------------------------
      Lawrence B. Buttenwieser


      -----------------------------------
      Edward S. Finkelstein


      -----------------------------------
      Beverly Sills Greenough


      -----------------------------------
      Carla A. Hills


      -----------------------------------
      David T. Kearns


      -----------------------------------
      Henry Luce III


                     -2-

<PAGE>
<PAGE>


(iii) Principal Accounting Officer:



      -----------------------------------
      John A. LaBarca
       Vice President and Controller



(iv) Directors:

      MERV ADELSON
      -----------------------------------
      Merv Adelson


      -----------------------------------
      Lawrence B. Buttenwieser


      -----------------------------------
      Edward S. Finkelstein


      -----------------------------------
      Beverly Sills Greenough


      -----------------------------------
      Carla A. Hills


      -----------------------------------
      David T. Kearns


      -----------------------------------
      Henry Luce III


                     -2-

<PAGE>
<PAGE>


(iii) Principal Accounting Officer:



      -----------------------------------
      John A. LaBarca
       Vice President and Controller



(iv) Directors:


      -----------------------------------
      Merv Adelson


      LAWRENCE B. BUTTENWIESER
      -----------------------------------
      Lawrence B. Buttenwieser


      -----------------------------------
      Edward S. Finkelstein


      -----------------------------------
      Beverly Sills Greenough


      -----------------------------------
      Carla A. Hills


      -----------------------------------
      David T. Kearns


      -----------------------------------
      Henry Luce III


                     -2-

<PAGE>
<PAGE>


(iii) Principal Accounting Officer:



      -----------------------------------
      John A. LaBarca
       Vice President and Controller



(iv) Directors:


      -----------------------------------
      Merv Adelson


      -----------------------------------
      Lawrence B. Buttenwieser


      EDWARD S. FINKELSTEIN
      -----------------------------------
      Edward S. Finkelstein


      -----------------------------------
      Beverly Sills Greenough


      -----------------------------------
      Carla A. Hills


      -----------------------------------
      David T. Kearns


      -----------------------------------
      Henry Luce III


                     -2-
<PAGE>

<PAGE>


(iii) Principal Accounting Officer:



      -----------------------------------
      John A. LaBarca
       Vice President and Controller



(iv) Directors:


      -----------------------------------
      Merv Adelson


      -----------------------------------
      Lawrence B. Buttenwieser


      -----------------------------------
      Edward S. Finkelstein


      BEVERLY SILLS GREENOUGH
      -----------------------------------
      Beverly Sills Greenough


      -----------------------------------
      Carla A. Hills


      -----------------------------------
      David T. Kearns


      -----------------------------------
      Henry Luce III


                     -2-
<PAGE>

<PAGE>


(iii) Principal Accounting Officer:



      -----------------------------------
      John A. LaBarca
       Vice President and Controller



(iv) Directors:


      -----------------------------------
      Merv Adelson


      -----------------------------------
      Lawrence B. Buttenwieser


      -----------------------------------
      Edward S. Finkelstein


      -----------------------------------
      Beverly Sills Greenough


      CARLA A. HILLS
      -----------------------------------
      Carla A. Hills


      -----------------------------------
      David T. Kearns


      -----------------------------------
      Henry Luce III


                     -2-

<PAGE>
<PAGE>


(iii) Principal Accounting Officer:



      -----------------------------------
      John A. LaBarca
       Vice President and Controller



(iv) Directors:


      -----------------------------------
      Merv Adelson


      -----------------------------------
      Lawrence B. Buttenwieser


      -----------------------------------
      Edward S. Finkelstein


      -----------------------------------
      Beverly Sills Greenough


      -----------------------------------
      Carla A. Hills


      DAVID T. KEARNS
      -----------------------------------
      David T. Kearns


      -----------------------------------
      Henry Luce III


                     -2-
<PAGE>

<PAGE>


(iii) Principal Accounting Officer:



      -----------------------------------
      John A. LaBarca
       Vice President and Controller



(iv) Directors:


      -----------------------------------
      Merv Adelson


      -----------------------------------
      Lawrence B. Buttenwieser


      -----------------------------------
      Edward S. Finkelstein


      -----------------------------------
      Beverly Sills Greenough


      -----------------------------------
      Carla A. Hills


      -----------------------------------
      David T. Kearns


      HENRY LUCE III
      -----------------------------------
      Henry Luce III

                     -2-

<PAGE>
<PAGE>



      REUBEN MARK
      -----------------------------------
      Reuben Mark


      -----------------------------------
      Michael A. Miles


      -----------------------------------
      J. Richard Munro


      -----------------------------------
      Richard D. Parsons


      -----------------------------------
      Donald S. Perkins


      -----------------------------------
      Raymond S. Troubh


      -----------------------------------
      Francis T. Vincent, Jr.

                     -3-
<PAGE>

<PAGE>



      -----------------------------------
      Reuben Mark


      MICHAEL A. MILES
      -----------------------------------
      Michael A. Miles


      -----------------------------------
      J. Richard Munro


      -----------------------------------
      Richard D. Parsons


      -----------------------------------
      Donald S. Perkins


      -----------------------------------
      Raymond S. Troubh


      -----------------------------------
      Francis T. Vincent, Jr.


                     -3-

<PAGE>
<PAGE>



      -----------------------------------
      Reuben Mark


      -----------------------------------
      Michael A. Miles


      J. RICHARD MUNRO
      -----------------------------------
      J. Richard Munro


      -----------------------------------
      Richard D. Parsons


      -----------------------------------
      Donald S. Perkins


      -----------------------------------
      Raymond S. Troubh


      -----------------------------------
      Francis T. Vincent, Jr.


                     -3-

<PAGE>
<PAGE>



      -----------------------------------
      Reuben Mark


      -----------------------------------
      Michael A. Miles


      -----------------------------------
      J. Richard Munro


      RICHARD D. PARSONS
      -----------------------------------
      Richard D. Parsons


      -----------------------------------
      Donald S. Perkins


      -----------------------------------
      Raymond S. Troubh


      -----------------------------------
      Francis T. Vincent, Jr.

                     -3-

<PAGE>
<PAGE>



      -----------------------------------
      Reuben Mark


      -----------------------------------
      Michael A. Miles


      -----------------------------------
      J. Richard Munro


      -----------------------------------
      Richard D. Parsons


      DONALD S. PERKINS
      -----------------------------------
      Donald S. Perkins


      -----------------------------------
      Raymond S. Troubh


      -----------------------------------
      Francis T. Vincent, Jr.

                     -3-
<PAGE>

<PAGE>



      -----------------------------------
      Reuben Mark


      -----------------------------------
      Michael A. Miles


      -----------------------------------
      J. Richard Munro


      -----------------------------------
      Richard D. Parsons


      -----------------------------------
      Donald S. Perkins


      RAYMOND S. TROUBH
      -----------------------------------
      Raymond S. Troubh


      -----------------------------------
      Francis T. Vincent, Jr.


                     -3-
<PAGE>

<PAGE>



      -----------------------------------
      Reuben Mark


      -----------------------------------
      Michael A. Miles


      -----------------------------------
      J. Richard Munro


      -----------------------------------
      Richard D. Parsons


      -----------------------------------
      Donald S. Perkins


      -----------------------------------
      Raymond S. Troubh


      FRANCIS T. VINCENT, JR.
      -----------------------------------
      Francis T. Vincent, Jr.


                     -3-
<PAGE>