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  "documentTitle": "Time Warner Inc. (TWX)",
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      "text": "Org chart showing TWX shareholders owning AOL, New TWX, Publishing, and Cable, with New TWX further split into Networks and Filmed Entertainment.",
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      "text": "Why Separate the Divisions by Means of Spin-Offs? A number of alternative approaches... were considered, but the spin-off... was determined to be the optimal approach.",
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      "text": "Exhibit 5.8: PROPOSED TWX ORGANIZATION",
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