AOL-Time Warner, Inc. is an integrated, Internet-powered media and communications company. The Company was formed in connection with the merger of America Online, Inc. & Time Warner Inc. on January 11, 2001 (the Merger). As a result of the Merger, America Online & Time Warner each became wholly owned subsidiaries of AOL Time Warner. The Company\'s fundamental business areas are comprised of America Online, consisting principally of interactive services, Web brands, Internet technologies and electronic commerce; Cable, consisting principally of interests in cable television systems; Filmed Entertainment, consisting principally of interests in filmed entertainment & television production; Networks, consisting principally of interests in cable and broadcast television networks; Music, consisting principally of interests in recorded music and music publishing; & Publishing, consisting principally of interests in magazine publishing, book publishing & direct marketing.