97-7869. Issuer Delisting; Notice of Application to Withdraw From Listing and Registration; (Time Warner, Inc., Common Stock, $.01 Par Value; Rights to Purchase Series A Participating Cumulative Preferred Stock) Filed No. 1-12259

[Federal Register Volume 62, Number 60 (Friday, March 28, 1997)]
[Notices]
[Pages 14949-14950]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-7869]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application to Withdraw From Listing 
and Registration; (Time Warner, Inc., Common Stock, $.01 Par Value; 
Rights to Purchase Series A Participating Cumulative Preferred Stock) 
Filed No. 1-12259

March 24, 1997.
    Time Warner, Inc. (``Company'') has filed an application with the 
Securities and Exchange Commission (``Commission''), pursuant to 
section 12(d) of the Securities Exchange Act of 1934 (``Act'') and Rule 
12d2-2(d) promulgated thereunder, to withdraw the above specified 
securities (``Securities'') from listing and registration on the 
Pacific Exchange (``PCX'').

[[Page 14950]]

    The reasons alleged in the application for withdrawing the 
Securities from listing and registration include the following:
    According to the Company, the Board of Directors of the Company has 
requested management reduce the Company's operating costs. In that 
regard, the Company has carefully reviewed its expenditures. It has 
been determined that the benefit of continued listing on the PCX does 
not justify the approximate annual cost to the Company.
    Any interested person may, on or before April 14, 1997, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street, NW., Washington, DC 20549, facts bearing upon whether the 
application has been made in accordance with the rules of the exchanges 
and what terms, if any, should be imposed by the Commission for the 
protection of investors. The Commission, based on the information 
submitted to it, will issue an order granting the application after the 
date mentioned above, unless the Commission determines to order a 
hearing on the matter.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 97-7869 Filed 3-27-97; 8:45 am]
BILLING CODE 8010-01-M