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  "documentTitle": "Time Warner Inc. (TWX)",
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  "authorName": "Lazard",
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  "notes": "Includes two tables: Exhibit 4.72 (Summary of implied valuation) and Exhibit 4.73 (Detailed list of selected transactions).",
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      "text": "Based on the analysis, Publishing is assumed to have an enterprise value of $13.4 - $15.8 billion or 11.0x - 13.0x trailing OIBDA multiple as shown in Exhibit 4.72.",
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      "text": "Enterprise Value: $13.4 - $15.8 billion",
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      "text": "The financial analysis of Publishing included a review of comparable precedent transactions for control in the magazine publishing industry. Based on the analysis, Publishing is assumed to have an enterprise value of $13.4 - $15.8 billion or 11.0x - 13.0x trailing OIBDA multiple as shown in Exhibit 4.72:",
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