二、英譯中：（20 分）  1. In 2000, America Online (AOL) merged with Time Warner. This merger is widelyregarded as the crowning disaster of the Internet investment mania at the end of the20th century. In 2003, the merged company reported an annual loss of almost $100billion, which was the largest loss ever recorded in corporate history at the time. 
 2. Home Box Office (HBO) was the first cable network to originate as a non-terrestrialbroadcast TV network. It airs feature films, television movies and some originalseries. It also broadcasts sports programs.