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  "documentTitle": "Time Warner Inc. (TWX)",
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  "notes": "This page appears to be from a formal report or activist presentation, likely authored by Lazard, detailing the operational failures of the AOL/TW merger.",
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      "text": "TWX limited the roll-out of certain AOL initiatives, such as VoIP services, that were potentially competitive with TWC.",
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      "text": "Failure to Market a Bundled AOL/TWC Offering Until 2005",
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      "text": "One of the strategic objectives of the merger was to use TWC to migrate AOL's dial-up customer base to broadband and drive incremental subscriber growth...",
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      "text": "B. Inability To Fully Harness the Potential of Networks and Publishing: The operating units of Networks and Publishing are generally well-managed businesses...",
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      "text": "AOL's market leading position in instant messaging ideally positioned it to take the lead in the emerging VoIP services sector. However, TWX limited the roll-out...",
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      "text": "\"unexpected roadblocks -- such as internal pressures slowing AOL's efforts to make Internet telephone service commercially available -- unfortunately did [materialize]\" — Steve Case",
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      "text": "(a) FTC Docket No. C-3989 (2000). (b) As Steve Case observed... (c) Steve Case, Time to Undo the Merger?, Washington Post, December 12, 2005.",
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      "text": "CHAPTER 5: SUMMARY AND RECOMMENDATION",
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