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  "documentTitle": "Time Warner Inc. (TWX)",
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      "text": "TWX has further eroded the strategic competitiveness of its businesses through poor deal execution.",
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      "text": "No Successful New Cable Channels by Turner Networks Since its Acquisition by TWX",
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      "text": "No Significant New Publications Launched by Publishing After 2000 and Modest Online Presence",
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      "text": "Despite its position as the largest consumer magazine publisher in the US and its ownership of powerful brands such as Time, People and Sports Illustrated, Publishing has not developed any new publications since 2000.",
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      "text": "TWX has further eroded the strategic competitiveness of its businesses through poor deal execution. Since the merger, TWX was forced to acquire AOL Europe from Bertelsmann for $6.75 billion and failed to acquire both AT&T Broadband and MGM.",
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      "text": "Despite the distribution clout of TWC, the Company's programming expertise and strong in-house brands, Turner Networks has not developed a single network that has achieved critical mass in terms of ratings and reach since its acquisition by TWX.",
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      "text": "It’s all a question of what Time Inc.’s revenue growth potential is and how they see their business model evolving, and how stable are Time Inc.’s revenues going forward...Can Time Inc. be a killer brand online? If not, they’d better figure out ways to harvest cash from cost-cutting...the Company’s publishing division was among the least integrated with TWX’s online businesses, especially AOL — Richard Greenfield, Fulcrum Global Partners (quoted in The New York Times).",
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      "text": "(a) Julie Bosman and Richard Siklos, Time Inc., Facing Declining Ad Pages, Lays Off 105, Including Top Executives, New York Times, December 14, 2005. (b) WMG, sold for $2.595 billion in March 2004...",
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      "text": "CHAPTER 5: SUMMARY AND RECOMMENDATION",
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