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 amidst speculation that The Walt Disney Company might spin off ABC; both stations retained their ABC affiliations (SJL then flipped the stations to Gray Television, at a significant profit, in July 2014). When the sale was completed, KFSN in Fresno (at the time ranked as the 55th largest media market) would then become the smallest English-language owned-and-operated major network station by market size (not counting satellites and semi-satellites). The sale was completed on April 1, 2011. The Disney spin-off of ABC has never occurred, mainly due to insider trading allegations that scuttled the deal. In 1987, Fox purchased its Boston