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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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      "text": "I. OBSERVATIONS 316\nII. WHAT IS THE REAL DEBT CAPACITY AND SHARE REPURCHASE CAPACITY OF TWX? 323\nIII. SEPARATION OF THE BUSINESSES SHOULD ENHANCE STRATEGIC POSITION AND VALUE 326\nIV. THE OPTIMAL GROUPING OF ASSETS 328\nV. RECOMMENDATION 330\nVI. ALTERNATIVE APPROACHES CREATE LESS VALUE 341\nVII. CONCLUSION 342",
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