Nippon Broadcasting System
In April 2006, the radio broadcaster and its station license was spun off into a new separate company called "Nippon Broadcasting System" owned by Fuji Television. Fuji Television absorbed the rest of the old Nippon Broadcasting System company that was founded in 1954 and took over its assets. As a result, former subsidiaries of Nippon Broadcasting System such as Pony Canyon were transferred to Fuji Television who was later renamed Fuji Media Holdings in 2008.