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  "documentTitle": "Time Warner Inc. (TWX)",
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      "text": "TWC's OIBDA margin is projected to improve from 37.6% in 2006 pro forma for the Adelphia/Comcast transactions to 39.2% in 2009 as the Adelphia systems are integrated to TWC standards.",
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      "text": "Exhibit 2D.43: PROGRAMMING COSTS % OF VIDEO REVENUES",
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