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  "documentTitle": "Time Warner Inc. (TWX)",
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  "authorName": "Lazard",
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  "notes": "Page 224 from a Lazard presentation; includes detailed footnotes regarding financial data and credit ratings.",
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      "text": "Total Debt/2005E OIBDA: 3.0x",
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      "text": "Comcast Corporation: Comcast's current leverage ratio is approximately 3.0x total debt/2005E EBITDA. Comcast reported approximately $27.5 billion of debt and $579 million of cash...",
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      "text": "Baa2/BBB+. A detailed summary of each credit as currently viewed by the rating agencies is provided in Exhibit 3.46.",
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      "text": "Moody’s suggests an upper bound of 3.5x debt/LTM EBITDA for the current rating level of Baa2.",
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      "text": "Source: Information and estimates based on various Wall Street research reports and Company Filings.",
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      "text": "(a) All debt figures as of September 30, 2005. (b) Pro forma for the sale of certain assets. (c) Pro forma for the Adelphia/Comcast transactions.",
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      "text": "Table comparing credit ratings, outlooks, and financial ratios (Debt/EBITDA, Net Debt/EBITDA, etc.) for Comcast, Cablevision, Charter, Cox, Mediacom, TWX, and TWC.",
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      "text": "CHAPTER 3: FINANCIAL STRATEGY AND DEBT CAPACITY",
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