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  "documentTitle": "Liberty Global | Results Presentation Deck | 40 slides",
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  "authorName": "Liberty Global",
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  "presentationDate": "2023-05-01 00:00:00",
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      "kind": "list",
      "text": "VENTURES\nCentral ventures team managing portfolio across content, infra, tech and financial investments\nBaseline spend (2022) and initiatives:\nModest central management spend related to Ventures\nDriving growth initiatives, revenue activation & value creation",
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      "text": "CORPORATE\nTypical head office and specialist functions including management, finance, legal and corporate\nBaseline spend (2022) and initiatives:\nAnnual spend also reduced in recent years to ~$200m\nMaintain stable corporate spend ~$200m",
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      "text": "LIBERTY TECH OPS\nCentralized Tech operations providing services to OpCo's including entertainment & connectivity\nBaseline spend (2022) and initiatives:\nReduced spend by ~$200m since 2018, 2022 baseline costs ~$650m\nTSA agreements revised with CH, BE & VMIE to reflect commercial pricing\nCost scaling to continue",
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      "text": "TARGET RECURRING ~$200-250M UNDERLYING NET CENTRAL SPEND",
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      "text": "FCF supported by increasing interest income and central tax falling from 2026",
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      "kind": "title",
      "text": "HOT TOPIC #2: UPDATING ON LG CENTRAL",
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