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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": "Includes two bar charts comparing industry peers.",
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      "kind": "chart",
      "text": "Exhibit 2D.14: AVERAGE REVENUE PER SUBSCRIBER",
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      "text": "Exhibit 2D.15: DIGITAL SUBSCRIBER PENETRATION",
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      "text": "digital subscriber penetration: 48.8%",
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      "text": "Average revenue per basic subscriber at TWC has been increasing for the past three years. The increase in ARPU is generally in line with increases in programming expenses as the cable MSOs pass the expense on to customers.",
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      "text": "Cable MSOs, in an attempt to compete with the DBS providers, have been in the process of rolling out digital ready network that can provide greater bandwidth to allow a greater number of channels and other advanced service.",
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      "text": "Note: 2005 Estimates for TWC and Comcast are not pro forma for the Adelphia/Comcast transactions.",
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      "kind": "source-note",
      "text": "Source: Information and estimates based on various Wall Street research reports and Company filings.",
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      "text": "CHAPTER 2D - CABLE",
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