Time Machine Disk not available

After upgrading to the newest firmware version, my mac cannot see the time machine backup disk.  I enabled time machine on the MBL dashboard but still no luck.

Any ideas?

When did you update the firmware?

Download the patch that was recently released

http://community.wdc.com/t5/News-Announcements/New-Release-My-Book-Live-Firmware-Patch-2-32-05-144-9-20-2012/m-p/474590#M284

I updated the firmware yesterday. I believe it’s the most recent version. Do I still need to apply the patch?

Not that I know …

Latest  firmware should be fine