SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
September 12, 1996
TIME WARNER INC.
(Exact name of registrant as specified in its charter)
Delaware 1-8637 13-1388520
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
75 Rockefeller Plaza, New York, NY 10019
(Address of principal executive offices) (zip code)
(212) 484-8000
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events.
Time Warner Inc. ("Time Warner") issued a press
release on September 12, 1996, announcing that the Federal
Trade Commission (the"FTC") had given its initial approval to
the Agreement Containing Consent Order (the "FTC Consent
Decree"), dated August 14, 1996 among Time Warner, Turner
Broadcasting System, Inc. ("TBS"), Tele-Communications, Inc.
("TCI"), Liberty Media Corporation and the FTC. Initial
approval of the FTC Consent Decree satisfies a condition to
the obligations of Time Warner, TBS and TCI to consummate the
combination of Time Warner and TBS.
Item 7. Financial Statements and Exhibits.
(c) Exhibits:
(i) Exhibit 99: Press release dated September 12, 1996.
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of New York, State of
New York, on September 12, 1996.
TIME WARNER INC.,
By: /s/ Peter R. Haje
-------------------------------
Name: Peter R. Haje
Title: Executive Vice President
and General Counsel
<PAGE>
EXHIBIT INDEX
Sequential
Exhibit No. Description of Exhibit Page Number
99 Press release dated
September 12, 1996.
Exhibit 99
TIME WARNER
News Release
For Immediate Release
TIME WARNER WINS F.T.C. INITIAL APPROVAL
FOR MERGER WITH TURNER
NEW YORK, Sept. 12, 1996--Time Warner Inc. announced today that the
Federal Trade Commission had given its initial approval to the Consent
Order, enabling the Time Warner acquisition of Turner Broadcasting
System, Inc. (TBS) to go forward. The Consent Order was entered into
by the FTC staff with Time Warner, Turner Broadcasting System, Inc.
and Tele-Communications, Inc. (TCI). The Consent Order is subject to a
60-day public comment period and final acceptance by the FTC. Time
Warner also said that both it and TBS will hold shareholder meetings
on October 10, 1996, in New York to approve the merger.
Time Warner Inc., the world's leading media company, consists of three
fundamental businesses: entertainment, news and information and
telecommunications, with interests in filmed entertainment, television
production, broadcasting, recorded music, music publishing,
cable-television programming, theme parks, magazines, book publishing
and cable-television systems.
From:
Edward Adler
(212) 484-6630
To receive a copy of this press release through the Internet, access
Time Warner's Factfinder located at http://pathfinder.com/Corp/
