Today's Above Avalon stories:

Apple & Time Warner (story with five parts)
Thursday Q&A (How likely is it for Icahn to unwind his large AAPL position?, What are odds of a foreign tax holiday in 2016?

Today's email is dedicated to Apple & Time Warner. The NY Post is reporting that Apple is interested in Time Warner. This is not the first time Apple has been rumored to be interested in Time Warner, and this won't be the last. We take a deep-dive into the story, breaking it up into five sections:

Time Warner 101
Crown Jewel
Why Buy Time Warner?
Reality
Conclusion

We then conclude with Thursday Q&A and two questions (Carl Icahn and foreign tax reform).

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