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      "text": "Continued ownership of TWC by TWX, in fact, could be a significant obstacle to the long-term strategy and value of its franchise.",
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      "text": "Time Warner Cable, majority owned by TWX, is one of the most respected cable companies... TWC does not require a continued ownership link to TWX's content assets or to AOL to succeed...",
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      "text": "On April 20, 2005, TWC and the Comcast Group announced an agreement to purchase the assets of Adelphia... TWC will gain a net additional 3.4 million subscribers...",
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      "kind": "quote",
      "text": "“have a complexity of balance sheet and financial structure that [is] very different from a content company...our cable company could both grow more effectively and compete more effectively if it had its own financial house...” — Mr. Parsons",
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      "text": "I. EXECUTIVE SUMMARY",
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      "text": "The Adelphia/Comcast Transactions",
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