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  "documentTitle": "20 IBD presentation 2020 Gci Liberty Inc Evercore Group 1",
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  "presentationDate": "2020-01-01 00:00:00",
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  "notes": "Includes mid-year discounting assumptions and WACC-based terminal value calculation.",
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      "text": "Assumes mid-point of 3-5% YoY growth rate on total corporate expenses starting 2021 and 0% YoY growth rate on stock based compensation starting 2022 per LBRD management guidance",
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      "text": "Source: LBRD Management. 1. Applies 4% growth rate to 2020E annualized pre-tax corporate expense of $14.4mm, excluding $3.8mm one-time cost in Q2 2020. 2. Assumes 6.75% WACC and 2.5% weighted average perpetuity growth rate.",
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