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  "documentTitle": "Time Warner Inc. (TWX)",
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  "authorName": "Lazard",
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  "notes": "The chart illustrates a downward trend in debt multiples across all segments, with AOL reaching 0.0x by 2008.",
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      "text": "It is assumed that the bank and credit markets will be receptive to financing the capital structures of New TWX and the SpinCos.",
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      "text": "Source: Information and estimates based on various Wall Street research reports and Company filings.",
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      "text": "Exhibit 5.14: DEBT PAYDOWN SCHEDULE",
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