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  "documentTitle": "Time Warner Inc. (TWX)",
  "authorId": "14_Icahn",
  "authorName": "Lazard",
  "documentKindSlug": "activist-deck",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2006-02-01 00:00:00",
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  "notes": "Includes two line charts comparing Management Repurchase Plan vs $20.0b Repurchase Plan.",
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      "kind": "chart",
      "text": "Exhibit 3.22: PROJECTED NET DEBT/OIBDA – TWX (EXCLUDING TWC)",
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      "text": "Exhibit 3.21: PROJECTED NET DEBT/OIBDA – CONSOLIDATED TWX",
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      "text": "Net Debt/OIBDA: 3.9x",
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      "text": "The cumulative incremental year end capacity available (shown above) represents the total debt that TWX (excluding TWC) should be able to borrow in excess of the proposed $20.0 billion repurchase plan assuming the leverage ratios stay at 3.00x, 3.25x, and 3.50x, respectively, at the end of each projected period.",
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      "text": "(a) Management Repurchase Plan contemplates a $12.5 billion repurchase program implemented over 24 months. (b) $20.0 billion plan assumes a dutch auction for $18.0 billion (assumed to occur on January 1, 2006) and $1.960 billion already repurchased from July 29, 2005 through December 31, 2005.",
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      "kind": "title",
      "text": "Chapter 3: Financial Strategy and Debt Capacity",
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