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  "documentTitle": "Time Warner Inc. (TWX)",
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  "notes": "Includes two exhibits: a stacked area chart of advertising expenditures and a table of cable/satellite revenue growth.",
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      "text": "As audiences continue to migrate from traditional networks to cable networks, advertisers will place more emphasis on cable network advertising to reach their desired audience. This should drive the advertising growth for cable networks and significantly increase advertising-based revenues as a percentage of overall cable network revenues.",
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      "text": "Exhibit 2B.16: GROWTH OF US SPENDING ON CABLE & SATELLITE TELEVISION ($ BN)",
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