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  "documentTitle": "AOL, Inc. (AOL)",
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  "authorName": "Jeffrey C. Smith",
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      "text": "Although AOL's core Access and Search businesses generate significant and valuable cash flow, these businesses are in decline.",
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      "text": "(1) Segment revenue figures from Company filings. Disaggregated EBITDA figures are based on Starboard Value estimates, and include an estimated 80% EBITDA margin for the Access business and a 73% EBITDA margin for the Search business.",
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