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  "documentTitle": "Time Warner Inc. (TWX)",
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  "presentationDate": "2006-02-01 00:00:00",
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  "notes": "The slide uses a narrative structure to highlight how AOL's 'walled garden' strategy led to missed opportunities in high-growth sectors like search and job listings.",
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      "text": "In partnering with Google, AOL neglected to invest in its own proprietary search capabilities.",
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      "text": "Perhaps the most strategic area in which AOL opted to license technology rather than develop its own service is search...",
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      "text": "Classified Sector Partnerships: AOL has formed a number of strategic partnerships with parties pursuing classified business models...",
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      "text": "(a) Company filings. (b) Information and estimates based on various Wall Street research reports.",
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      "text": "Search: The Google Partnership",
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