Time Warner, formerly AOL Time Warner, is the world’s leading media and entertainment company. The group owns America Online, the world’s leader in interactive services, and Time Inc., the largest magazine publisher in the world. The Time Warner Cable business is the number two US cable television company, and Home Box Office (HBO) is America’s most successful premium television network. HBO’s international joint ventures also reach more than 50 countries in Latin America, Asia and Central Europe. The company also operates Time Warner Book Group, New Line Cinema, Turner Broadcasting System and Warner Bros. Entertainment.