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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": "Includes an organizational chart of the Content business unit.",
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      "text": "TWX has not launched a single network that has achieved meaningful distribution since acquiring Turner Broadcasting in 1996.",
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      "text": "Exhibit 2B.1: CONTENT OVERVIEW",
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      "text": "TWX should have more aggressively developed its cable programming franchise... TWX has not launched a single network that has achieved meaningful distribution since acquiring Turner Broadcasting in 1996.",
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      "text": "Content, in addition, should have aggressively streamlined its cost structure and re-invested in the business to drive long-term revenue growth and enhanced profitability.",
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      "text": "The operating units within Content are generally well-managed businesses and benefit from substantial economies of scale and wide access to the consumer. The strategic position of Content, though enviable, could be even stronger.",
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      "text": "TWX's video content business is composed of two business units, Networks and Filmed Entertainment (\"Content\").",
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      "text": "(a) On January 24, 2006, TWX and CBS announced the merger of the WB and UPN networks into a new network called The CW. Both TWX and CBS will each own 50% of the new network.",
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      "text": "I. EXECUTIVE SUMMARY",
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