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34-541: Nippon TV applied for TV broadcasting licenses in Osaka and Nagoya after it began broadcasting in 1953, but the Ministry of Post declined the application on the grounds that "Nippon TV is a Tokyo channel, and applying for licenses in other regions is an act of crossing the boundary." At the time, Osaka had only one privately owned television station, Osaka TV Broadcasting (later merged with Asahi Broadcasting ). However, because

68-528: A TV license, and jointly applied for a TV license in the name of Osaka Television Co., Ltd. ( 大阪テレビ放送株式会社 , Ōsaka Terebi Hōsō Kabushiki-gaisha , OTV) (OTV, renamed "Osaka TV Broadcasting" in August of the following year). In the following year, Osaka TV Broadcasting purchased land in Dojimahama-dori, Osaka City, for the construction of the headquarters' building. Osaka TV Broadcasting also selected

102-465: A new production brand that will leverage the broadcaster's long history in animation. From its inception to 1988, Yomiuri TV simply used the name of the channel with Yomiuri in hiragana (よみうりテレビ) or the YTV initials. During that period the sign-on of the station was footage of the sun rising accompanied by an orchestral fanfare. After the relocation, a new logo featuring a 10 mark was added. In line with

136-527: A parent company material influence if they are the largest individual shareholder or if they are placed in control of the running of the operation by non-operational shareholders.) In the United Kingdom, the term holding company is defined by the Companies Act 2006 at section 1159. It defines a holding company as a company that holds a majority of the voting rights in another company, or

170-499: Is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own stock of other companies to form a corporate group . In some jurisdictions around the world, holding companies are called parent companies , which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for

204-580: Is a certified broadcasting holding company headquartered in Osaka , Japan . Until March 31, 2018, it was a unified radio and television broadcaster serving in the Kansai region. On April 1, 2018, its radio and television broadcasting divisions were spun off into two subsidiaries, with Asahi Radio Broadcasting Corporation taking over the radio broadcasting business, and Asahi Television Broadcasting Corporation took over television broadcasting. In 1948, when

238-643: Is a member of another company and has the right to appoint or remove a majority of its board of directors, or is a member of another company and controls alone, pursuant to an agreement with other members, a majority of the voting rights in that company. After the financial crisis of 2007–2008 , many U.S. investment banks converted to holding companies. According to the Federal Financial Institutions Examination Council 's website, JPMorgan Chase , Bank of America , Citigroup , Wells Fargo , and Goldman Sachs were

272-478: Is defined by Part 1, Section 5, Subsection 1 of the Companies Act, which states: 5.—(1) For the purposes of this Act, a corporation shall, subject to subsection (3), be deemed to be a subsidiary of another corporation, if — In the United Kingdom, is generally held that an organisation holding a 'controlling stake' in a company (a holding of over 51% of the stock) is in effect the de facto parent company of

306-481: The broadcast licenses to reflect this, resulting in stations that are (for example) still licensed to Jacor and Citicasters , effectively making them such as subsidiary companies of their owner iHeartMedia . This is sometimes done on a per- market basis. For example, in Atlanta both WNNX and later WWWQ are licensed to "WNNX LiCo, Inc." (LiCo meaning "license company"), both owned by Susquehanna Radio (which

340-442: The shareholders , and can permit the ownership and control of a number of different companies. The New York Times uses the term parent holding company . Holding companies can be subsidiaries in a tiered structure . Holding companies are also created to hold assets such as intellectual property or trade secrets , that are protected from the operating company. That creates a smaller risk when it comes to litigation . In

374-495: The 1970s, and by the third week of November 1973, Yomiuri TV's daily average rating had reached 10%, and its prime time rating had reached 18.2%, making it the top-rated station in Osaka, including NHK. Since 1977, Yomiuri TV is the official sponsor along with Japan Aviation Association for the Japan International Birdman Rally, which received positive responses.On October 1, 1978 and December 2, 1985,

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408-708: The 50th anniversary of its founding, YTV adopted a new logo, featuring a yellow lowercase ytv wordmark with a ball (the Ten Ball ) representing channel 10 (analog and digital). The station broadcasts on digital channel 14 in most regions. The channel ceased analog broadcasting on July 24, 2011. 34°41′27.4″N 135°31′54.3″E  /  34.690944°N 135.531750°E  / 34.690944; 135.531750  ( Yomiuri Telecasting Corporation ) Asahi Broadcasting Corporation The Asahi Broadcasting Group Holdings Corporation ( 朝日放送グループホールディングス株式会社 , Asahi Hōsō Gurūpu Hōrudingusu kabushiki gaisha , ABC)

442-570: The ABC plan was revived for a new radio station in Osaka. The new Asahi Broadcasting Corporation was founded in Nakanoshima, Kita-ku , Osaka on March 15, 1951, with Mitsujirō Ishii appointed as its first president. ABC started AM radio broadcasting on November 11 (1010 kHz). It became the third commercial radio station to sign-on in Japan overall. On April 1, 1958, the station relocated to

476-592: The Asahi Shimbun set up a committee for a private radio station in Tokyo, the name ABC was decided upon to be the name of the station. Asahi Broadcasting requested licenses in December 1949 to both Tokyo and Osaka, but in December 1950, the original company merged with Tokyo Broadcasting (Dentsu), Yomiuri Broadcasting and Radio Nippon (funded by Mainichi Shimbun ) to create Radio Tokyo (JOKR, KRT, now TBS). In 1951,

510-433: The Kansai region at the time, and only two licenses were issued, indicating that rivalry was fierce. To ease the overheated competition, the Ministry of Post decided to grant an additional broadcasting license in the Osaka area, and on October 22, 1957, the new Osaka TV station was granted a broadcasting license. On August 1, 1958, Shin-Osaka TV changed its name to Yomiuri TV. At 9:00 a.m. on August 28, 1958, Yomiuri TV

544-723: The Shin-Asahi Building and in June, started simultaneous broadcasts with KRT Radio, carrying the first commercial radio simulcasts between Tokyo and Osaka. The frequency output doubled from 10KW to 20 in 1959. After joining JRN in 1965, ABC moved again to the ABC Center in 1966. The output increased again in 1971, this time to 50KW. In line with changes to the frequency plan set up by the ITU, ABC Radio moved from 1010 kHz to 1008 kHz on November 23, 1978. On April 1, 1989,

578-509: The United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits such as tax-free dividends can be claimed. That is, if Company A owns 80% or more of the stock of Company B, Company A will not pay taxes on dividends paid by Company B to its stockholders, as the payment of dividends from B to A is essentially transferring cash within a single enterprise. Any other shareholders of Company B will pay

612-473: The broadcast started. In November 1956, Osaka TV Broadcasting began to conduct trial broadcasts, broadcasting 2.5 hours of programs every day. At 9:30am on December 1, 1956, OTV officially started broadcasting, becoming the first private TV station in Kansai. At the beginning of the broadcast, TV dramas, audience-participating programs, and news programs accounted for nearly half of all programs broadcast on Osaka TV. Osaka TV purchased two taping machines in 1958 and

646-623: The broadcaster started broadcasting in stereo audio (being the first among Nippon TV affiliates , and second in the world) and supported Teletext (being the first among commercial broadcasters serving the Kansai region), respectively. On August 1, 1988, Yomiuri TV moved from its headquarters in Higashi-Tenma (since its inception) to Osaka Business Park . In April 1989, the channel started broadcast in enhanced-definition television . The channel ceased analog broadcasting on July 24, 2011. On March 21, 2024, Yomiuri TV launched YTV Animation,

680-431: The firm, having overriding material influence over the held company's operations, even if no formal full takeover has been enacted. Once a full takeover or purchase is enacted, the held company is seen to have ceased to operate as an independent entity but to have become a tending subsidiary of the purchasing company, which, in turn, becomes the parent company of the subsidiary. (A holding below 50% could be sufficient to give

714-477: The first TV station in the Kansai region to do so. In April 1968, 30% of daytime and 45% of evening programs were broadcast in color. When Yomiuri TV renewed its broadcast license in 1965, the license category was changed from quasi-educational to general programming, which meant that a greater percentage of entertainment programming could be broadcast. In Spring of 1970, 100% of Yomiuri TV's programming were broadcast in color. Yomiuri TV's ratings gradually rose after

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748-458: The first body) is a subsidiary of another body corporate if, and only if: Toronto-based lawyer Michael Finley has stated, "The emerging trend that has seen international plaintiffs permitted to proceed with claims against Canadian parent companies for the allegedly wrongful activity of their foreign subsidiaries means that the corporate veil is no longer a silver bullet to the heart of a plaintiff's case." The parent subsidiary company relationship

782-605: The five largest bank holding companies in the finance sector, as of December 2013 , based on total assets. The Public Utility Holding Company Act of 1935 caused many energy companies to divest their subsidiary businesses. Between 1938 and 1958 the number of holding companies declined from 216 to 18. An energy law passed in 2005 removed the 1935 requirements, and has led to mergers and holding company formation among power marketing and power brokering companies. In US broadcasting , many major media conglomerates have purchased smaller broadcasters outright, but have not changed

816-455: The following requirements are met: A parent company is a company that owns enough voting power in another firm (or subsidiary ) to control management and operations by influencing or electing its board of directors . The definition of a parent company differs from jurisdiction to jurisdiction, with the definition normally being defined by way of laws dealing with companies in that jurisdiction. When an existing company establishes

850-402: The list of operators applying for TV licenses. However, due to the limited number of channels, the two parties finally agreed to apply for a new station license from Mainichi Broadcasting after the talks between the two parties, while Asahi Broadcasting and Osaka TV Broadcasting merged. At that time, among the employees of TV Broadcasting in Osaka, 200 people wanted to stay in the new company after

884-492: The majority of its programming mostly came from KRT (now TBS), Nippon Television and its parent company, Yomiuri Shimbun Group, began to try to establish their own television station in Osaka. Yomiuri Shimbun filed for a broadcasting license as Shin-Osaka TV in November 1956. In addition to Yomiuri Shimbun, eight other newspapers, including those from Asahi, Mainichi, Sankei, Kobe, and Kyoto, applied for TV broadcasting licenses in

918-702: The merger, and 104 people wanted to join Mainichi Broadcasting. At the same time, because Nippon Television stopped providing programs to Osaka TV after Yomiuri TV started broadcasting in August 1958, Osaka TV and KRT TV established a network relationship. On June 1, 1959, Osaka TV Broadcasting and Asahi Broadcasting merged on an equal basis to become the TV division of Asahi Broadcasting. JONR 34°41′38.18″N 135°29′18.32″E  /  34.6939389°N 135.4884222°E  / 34.6939389; 135.4884222 Holding company A holding company

952-509: The same time, Sankei Shimbun , Kyoto Broadcasting, Kobe Broadcasting, Yomiuri Shimbun and other companies also intended to set up private TV stations in Osaka Prefecture, and the two private broadcasting stations in Kansai, Asahi Broadcasting and New Japan Broadcasting Company (currently Mainichi Broadcasting System) decided to join forces. In August 1952, Asahi Broadcasting and Nippon Broadcasting revoked their original application for

986-600: The station adopted ABC Radio as its commercial name. On March 19, 2016, ABC started broadcasting over the Wide FM band, alongside OBC and MBS. Japan's private TV began with the idea of Masori Matsutaro, the owner of the Yomiuri Shimbun , to use the microwave communication network to build a TV station covering the whole of Japan. In July 1952, Nippon Television in Tokyo obtained a television preparatory license and became Japan's first private television station. At

1020-435: The trademark through public solicitation in newspapers. On December 3, 1955, Osaka TV Broadcasting obtained the preparatory license; the call sign is JOBX-TV. Before broadcasting, OTV set a goal of 40% self-made programs, and decided to rebroadcast the programs of Tokyo's KRT TV and Nippon TV at the same time to maximize profits. In order to popularize television, OTV also set up 60 street TV sets in various parts of Kansai before

1054-499: The usual taxes on dividends, as they are legitimate and ordinary dividends to these shareholders. Sometimes, a company intended to be a pure holding company identifies itself as such by adding "Holding" or "Holdings" to its name. The parent company–subsidiary company relationship is defined by Part 1.2, Division 6, Section 46 of the Corporations Act 2001 (Cth) , which states: A body corporate (in this section called

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1088-474: Was later sold to Cumulus Media ). In determining caps to prevent excessive concentration of media ownership , all of these are attributed to the parent company, as are leased stations , as a matter of broadcast regulation . In the United States, a personal holding company is defined in section 542 of the Internal Revenue Code . A corporation is a personal holding company if both of

1122-536: Was launched as the second privately owned television station in Osaka. Since Yomiuri TV is licensed as a quasi-educational station, they are required to dedicate 20%-30% of its airtime to educational programming, which resulted in being the only broadcaster at that time to air educational programs the most. At that time, Yomiuri TV produced "The Tales of Genji" which received positive reviews. Yomiuri TV started broadcasting color TV programming in September 1960, making it

1156-564: Was the first TV station in Japan to introduce video recording facilities. In the same year, Osaka TV also achieved Japan's first live broadcast from the top of Mount Fuji. In January 1957, the Ministry of Posts and Telecommunications issued a new basic policy for the VHF band in Japan at the same time as OTV, and the metropolitan areas outside Tokyo were allocated more TV channels. There were also 7 operators in Kansai who applied for TV licenses, and Asahi Broadcasting and Mainichi Broadcasting also joined

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