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  "documentTitle": "Time Warner Inc. (TWX)",
  "authorId": "14_Icahn",
  "authorName": "Lazard",
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      "text": "I. EXECUTIVE SUMMARY 238\nII. THE VALUE LOST DUE TO THE CONGLOMERATE STRUCTURE 240\nIII. THE RATIONALE FOR SEPARATION 242\nIV. THE OPTIMAL GROUPING OF THE ASSETS 249\nV. EACH SEPARATECO SHOULD BENEFIT AS AN INDEPENDENT, PUBLIC COMPANY 251\nVI. THE PIECES ARE WORTH MORE THAN THE WHOLE 265\nVII. AOL: SUMMARY VALUATION 269\nVIII. CONTENT: SUMMARY VALUATION 278\nIX. PUBLISHING: SUMMARY VALUATION 298\nX. TWC (CABLE): SUMMARY VALUATION 306",
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      "text": "CHAPTER 4: VALUATION",
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