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Case Study 1: Time Warner Memo 3Please be sure to review the CASE: Time Warner Cable on page 468 of your textbook. This will be useful and important when answering the Case Study Questions. Please let me know if you have any questions!Please read the memo below and reply with your answer as a manager.Memo 3To: Junior Executive, Strategy GroupFrom: Vice President, Strategy GroupRe: Strategic AnalysisFor our upcoming executive retreat, the Strategy Group has been tasked with competing a strategic analysis of our business and our industry. While there are a number of different approaches that we can take, I would like to rely on Porter’s “Five Forces” framework for our analysis of the industry structure.Please provide an outline of each the five forces as it relates to the cable industry and whether conditions in the industry are favorable to long-term profitability.