Second level domain issue

Hi,
I though that,buying a domain,eventually allows me to host my website on this new domain?
If bought a domain...www.mediaentertainmentagency.com,but till now cannot find it on the www net what´s is the problem please?

ani:

your domain appears to work correctly, it redirects to ani.altervista.org

Hi, i tryed to buy the own domain but the page showed me a message since 2 weeks: "We are working to make the domain registration service available for your account. We will soon inform you about service activation. Thank you for your patience"
How long is this time that i have to wait?
ps. sorry for my english

cerroneburgerstore:

the domain is currently not available for AlterBlog users and there is no eta on it. If you want you can convert your account to AlterSite then register the domain.