This is an automatically generated PDF version of the online resource philippines.mom-gmr.org/en/ retrieved on 2024/10/11 at 21:16
Global Media Registry (GMR) & VERA Files - all rights reserved, published under Creative Commons Attribution-NoDerivatives 4.0 International License.
VERA Files LOGO
Global Media Registry

Radio Mindanao Network, Inc. (RMN)

Radio Mindanao Network, Inc. (RMN)

The Radio Mindanao Network, Inc., popularly known as RMN, is one of the country’s oldest existing broadcasting companies incorporated in April 1961 under the leadership of its founder Henry R. Canoy, who died at 84 years old in 2008. It was founded two months before it obtained a 25-year franchise from Congress to construct, operate and maintain television and radio stations in the Philippines.

As of January 2024, RMN has grown its network to a total of 59 stations by putting up new stations all around the country and by affiliating and providing services to smaller radio networks. It now owns 20 stations each in the AM and FM bandwidths, as well as 19 affiliate stations including DWWW 774.

In 1998, RMN also expanded overseas when it became the first Philippine radio station to enter the United States through the launch of WRMN in New York in 1998.

RMN also tried to venture into television when it launched in August 1991 the “TV-8” in Cagayan de Oro. There’s, however, no information if TV-8 is still operating, although RMN is still assigned as holder of the station’s frequency.

Although it was only incorporated in 1961, RMN traced its roots to the experimentation in 1948 of Canoy with his friends Robin Cui and Vicente Rivera to set up two home-built tube radio receivers in his hometown Cagayan de Oro. A year later in 1949, Canoy made his first broadcast over a pirate radio station using the 30-watt radio transmitter that they built using surplus products, risking arrest for operating a station without a permit.

In 1952, Canoy launched his first legal radio station called DXCC using the broadcast franchise obtained by his brother Reuben, a lawyer-turned-mayor of Cagayan De Oro, who convinced him to enter the broadcast industry. It is claimed that Canoy’s team used a coconut tree and a telescopic steel pole (borrowed from then-Bureau of Telecommunications) as antenna for DXCC’s transmitter.

DXCC, which is the first radio station in Cagayan de Oro, even reached as far as Australia through ham or amateur radio operations. Canoy focused DXCC’s programs on entertainment, information and education after getting inspired by a local radio station in Colorado, U.S.

Within five years, Canoy started expanding in 1957 their radio network in nearby provinces in Mindanao such as Butuan, Iligan and Davao, and as far as the Philippine capital, Manila.

RMN has been able to survive in the competitive radio broadcast industry by using newer technologies to improve and broaden its reach such as in 2007 when its FM station DWKC 93.9 (iFM Manila) became the first commercial station in the country to use high definition (HD) radio technology that allowed it to broadcast in three HD radio digital audio channels aside from its pre-existing analog signal.

In 1968, RMN became the first in the country to use microwave technology to deliver “fast, direct and crystal clear” nationwide newscasts. The technology bolstered the delivery of news by Tri-Media News Central, the country’s first tri-media conglomerate composed of RMN, the newspaper Philippines Herald (now defunct) and the broadcast company Inter-Island Broadcasting Corporation (now the government-owned Intercontinental Broadcasting Corporation or IBC-13) formed in 1962.

The Tri-Media News Central, which was headed by Canoy, was formed after the group of the late businessman Andres Soriano Sr., known as former owner of alcohol manufacturer San Miguel Corporation, acquired majority shares in RMN and bought IBC-13 and the Philippines Herald. Soriano, who acquired American citizenship in 1944 upon serving for the U.S. army that fought for the Philippine liberation during World War II, died in 1964.

However, the Soriano conglomerate was broken after the late dictator Ferdinand Marcos Sr., the father of the incumbent Philippine president, declared martial law in September 1972 that shutdown all media outlets. IBC and RMN, along with a few media outlets, were able to reopen a few days after the declaration.

In 1975, the Sorianos, who were American citizens, were forced to sell IBC-13 to Roberto Benedicto, a crony of Marcos, due to citizenship issues after the government enforced the prohibition under the 1973 Constitution on foreign ownership in media. Meanwhile, the Canoy family bought back the shares acquired by the Soriano group in RMN.

In 2016, a group led by Henry’s son Eric, who serves as chairman and president of RMN, were among those who expressed interest to purchase IBC-13 from the government. There have been no recent updates if the government is pushing through with IBC’s privatization.

As of May 2023, the wife, children and grandchildren of Canoy wholly own and manage RMN. This, despite a requirement under the company’s broadcast franchise renewal in 2016 under Republic Act No. 10818 that states at least 30% of the company’s shares must be offered to the public.

Key facts

Mother Company

EDCanoy Prime Holdings, Inc.

Business Form

Private

Legal Form

Stock Corporation

Ownership

Individual Owner

Carlos S. Canoy

Carlos “Charlie” S. Canoy is a board member of Radio Mindanao Network, Inc. He is not an officer nor part of the EDCanoy Prime Holdings, which is wholly owned by the family of his brother Eric S. Canoy.
In 2010, Carlos, Eric and two other RMN officers were sued by a former station manager of RMN Davao branch for illegal dismissal. The former employee won the labor case and was ordered reinstated and paid back wages.

16%
Media Outlets
Other Media Outlets

Other Radio Outlets

DWNX 1611 Naga

Other Online Outlets

rmn.ph

Facts

Media Business

Development, promotion, advertising and marketing of services and products

RMN Networks Marketing and Media Ventures, Inc. (70%);

Radio

Interactive Broadcast Media, Inc.;

Marketing

Echo Media Marketing Innovations Corp.

Business

Tourism

Kinaiya Ventures, Inc.

General Information

Founding Year

1961

Affiliated Interests Founder

Henry R. Canoy

was the father of Eric S. Canoy, the incumbent chairman, president and chief executive officer of RMN and president of its parent company EDCanoy Prime Holdings, Inc. He died on May 17, 2008.

Employees

507 (as of May 5, 2023)

Contact

4/F State Condominium I Building, Salcedo Street, Legaspi Village, Makati City

Cellphone No.: 0917-831-5391

Tax/ ID Number

000-493-145

Financial Information

Revenue (Financial Data/ Optional)

13,502,399.729 US$ / 767,422,391 PhP

Operating Profit (in Mill. $)

4,208,049.28215 US$ / 239,168,689 PhP

Advertising (in % of total funding)

Missing Data

Management

Executive Board

Eric S. Canoy

is the chairman, president and chief executive officer of Radio Mindanao Network, Inc. (RMN), as well as chairman and president of its parent company EDCanoy Prime Holdings, Inc. He is also the president of EDCanoy Prime Holdings, Inc.’s subsidiary Interactive Broadcast Media, Inc. (IBMI), a board member of the Radio Veritas Global Broadcasting System, Inc., and the incumbent president of Manila Overseas Press Club. He previously served as chairman and president of the government-controlled Intercontinental Broadcasting Corporation (IBC-13) from 2011 to 2014. Aside from radio broadcasting, Eric is also the chairman of Educhild, a non-profit that teaches effective parenting and young professionals development.

Non-Executive Board

Erika Marie C. Sanchez

a daughter of Eric, is a board member of RMN and the executive vice president/chief operating officer of the network’s sales and marketing arm RMN Networks-Marketing & Media Ventures, Inc. She holds 0.00053% shares in RMN and 19% in EDCanoy Prime Holdings, Inc.

Supervisory Board

Missing Data

Other Influential People

Missing Data

Further Information

Data Publicly Available

ownership data is easily available from other sources, e. g. public registries etc.

2 ♥

Meta Data

The revenue figures pertain to the total amount of local broadcast income and block airtime declared by the Radio Mindanao Network, Inc. in its annual financial statement for 2022. Meanwhile the operating profit is based on its declaration of “operating income before working capital changes”. #

Conversion rate on Oct. 17, 2023: PhP56.836 per US$1.

  • Project by
    VERA Files
  •  
    Global Media Registry
  • Funded by
    BMZ
  •  
    Logo of Embassy of the Federal Republic of Germany Manila