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  "documentTitle": "Time Warner Inc. (TWX)",
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  "authorName": "Lazard",
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  "notes": "The slide uses two tables to demonstrate the lack of material revenue impact from post-2000 launches.",
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      "text": "No US magazine launched by Publishing after 2000 has made a material impact on the revenue of the division and none are among the top 300 magazines in the US as ranked by Advertising Age.",
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      "text": "gross revenue: $540 million",
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      "text": "Only six of the US titles launched since 1995 are ranked among the top 300 magazine titles as recorded by Advertising Age (based on total 2004 advertising and circulation gross revenue).",
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      "text": "Information source: Company filings, various Wall Street research and Advertising Age for gross revenue, ad pages and circulation; MediaFinder.com for launch dates. Note: Rank reflects 2004 total gross revenue. Excludes Business 2.0 and Life.",
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      "text": "Exhibit 2C.11: PUBLISHING MAGAZINES LAUNCHED SINCE 1995 IN THE TOP 300 AD AGE RANKING ($ MM)",
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      "text": "Exhibit 2C.10: US PUBLISHING TITLES LAUNCHED SINCE 1995",
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