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  "documentTitle": "Time Warner Inc. (TWX)",
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  "authorName": "Lazard",
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  "presentationDate": "2006-02-01 00:00:00",
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  "notes": "The slide uses a table to demonstrate WBTV's competitive advantage in syndication volume compared to other major media conglomerates.",
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      "text": "Potential number of syndications: 28",
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      "text": "WBTV has the leading breadth and depth of TV production and also one of the largest library of TV episodes (40,000 television titles, and 14,000 animated titles including 1,500 animated shorts) that it monetizes through syndication and DVD sales such as Seinfeld and Friends. WBTV is the only supplier of programming that feeds all six broadcast networks and cable's FX network. WBTV is by far the largest producer of shows; 28 shows currently in production have the potential to be syndicated.",
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      "text": "Information Source: Company filings and Wall Street research.",
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      "text": "Exhibit 2B.56: SYNDICATION COMPARISON",
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