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 station non-commercial religious television networks (such as the Trinity Broadcasting Network and Daystar) own the vast majority of their stations, with only a few privately owned outlets carrying their programming (in the case of TBN and Daystar, both networks own their stations directly and through subsidiary licensees, such as Community Educational Television for TBN and Word of God Fellowship for Daystar). Owned-and-operated stations used to be common in the days of network radio, however beginning in the 1980s, these radio networks began to be broken up. For all intents and purposes, NBC no longer exists as a radio network, beyond brand