Conglomerate (company) music industry, television and film production and distribution, financial services, and telecommunications. In China, many of the country's conglomerates are state-owned enterprises, but there is a substantial number of private conglomerates. Notable conglomerates include BYD, CIMC, China Merchants Bank, Hasee, Huawei, JXD, Ping An Insurance, TCL Corporation, Tencent, TP-Link, ZTE, Legend Holdings, Dalian Wanda Group, China Poly Group, Beijing Enterprises, and Fosun International. Fosun is currently China's largest civilian-run conglomerate by revenue. In South Korea, the "chaebol" are a type of conglomerate owned and operated by a family. A chaebol is also inheritable, as most of current presidents of chaebols
Owned-and-operated television stations in the United States of the major broadcast networks; in that case W41BN is now WRGX-LD, the market's NBC affiliate under the ownership of Gray Television. Several other translator stations have been taken off-the-air completely as TBN's distribution has become concentrated on pay television and IPTV distribution, due to the prohibitive costs of upgrading the entire network's translator system to digital. Owned-and-operated television stations in the United States In the United States, owned-and-operated television stations (frequently abbreviated as "O&Os") constitute only a portion of their parent television networks' station bodies, due to ownership limits imposed by the Federal Communications Commission (FCC). Currently, the total