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What was the effect of the reverse stock split on authorized but unissued shares of Time Warner common stock?

The total authorized number of shares of Time Warner common stock, par value $0.01 per share, was reduced proportionately from 25 billion shares to 8.33 billion shares.

With respect to Time Warner’s series common stock, par value $0.01 per share, the total authorized number of shares of the series common stock was reduced proportionately from 1.8 billion shares to 600 million shares.

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