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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 also provides descriptive summaries of Microsoft/MSN and IAC/InterActiveCorp business models.",
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      "text": "relative stock performance: -62%",
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      "text": "Microsoft's MSN unit has a business mix that closely resembles that of AOL in that it offers both dial-up Internet access services and Internet content that is openly available to Internet users.",
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      "text": "IAC operates a diversified portfolio of Internet and offline properties. The company's strategy is to leverage interactivity to help transform traditional markets, to simplify daily life and make consumers more productive.",
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      "text": "Information source: FactSet.",
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      "text": "Exhibit 2A.12: RELATIVE STOCK PERFORMANCE (YHOO VS. TWX)",
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