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  "documentTitle": "Time Warner Inc. (TWX)",
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  "authorName": "Lazard",
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  "notes": "Chapter 2C: Publishing. Page 113.",
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      "text": "Exhibit 2C.7: 2005E MAGAZINE REVENUE BREAKDOWN ($ BN)",
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      "text": "Magazine Revenue: $4.6bn",
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      "text": "The Magazine Group's portfolio generated approximately 60% of revenue from advertising and 40% from circulation in 2005E.",
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      "text": "Advertising carried in the group's US magazines is predominantly for consumer advertising... In 2004 and from January through October 2005, Publishing's magazines accounted for approximately 24.2% and 23.1%, respectively, of overall US magazine advertising spending.",
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      "text": "Exhibit 2C.8: TOTAL GROSS ADVERTISING AND CIRCULATION REVENUE ($ MM)",
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