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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": "The slide includes a financial projection table and a list of strategic benefits of scale, using Comcast as a precedent.",
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      "text": "TWC needs to do more to meet these challenges. TWC would have more options and a better ability to maneuver as a fully independent company.",
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      "text": "PF OIBDA: $7,300",
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      "text": "There is no doubt that TWC’s scale currently allows the company to generate excellent financial results. However, TWC may not be of sufficient scale to alter the rules of the cable industry.",
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      "text": "Revenue, PF OIBDA, Free Cash Flow, and growth metrics for 2006PF-2010PF",
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      "text": "Exhibit 4.22: TWC – PROJECTED FINANCIALS ($ MM)(a)",
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