Fujisankei Communications Group

, abbreviated FCG, is Japan’s largest media conglomerate. Its chairman is Hisashi Hieda. In 1991, it was the largest media company in the world and the largest in now days Japan. In the same year, the company's yearly revenue was $5 billion. Many of its affiliates are owned by Fuji Media Holdings, itself a member of the Fujisankei Communications Group. The Fujisankei Communications Group was created in 1967 as part of an agreement between the radio stations Nippon Broadcasting System and Nippon Cultural Broadcasting, the television broadcaster Fuji Television and the newspaper Sankei Shimbun. This media conglomerate was founded by Nobutaka Shikanai. "Fujisankei" is a portmanteau of Fuji Television and Sankei Shimbun. In 1985, Haruo Shikanai became executive chairman and CEO of Fuji Television Network, Sankei Shimbun, and Nippon Broadcasting System, as well as executive chairman and CEO of the Fujisankei Communications Group. Haruo dramatically improved Fuji Television's performance and made it the number one entertainment company in Japan. In 1988, Haruo died of acute liver failure at the age of 42. That same year, Hisashi Hieda, who had led Fuji Television's growth in tandem with Haruo, was appointed President and CEO of Fuji Television Network.