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.
Mother Company
EDCanoy Prime Holdings, Inc.
Business Form
Private
Legal Form
Stock Corporation
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.
Rebecca Canoy-Krikorian
Rebecca Canoy-Krikorian is the sister of Eric S. Canoy. She is not an officer nor part of the EDCanoy Prime Holdings, which is wholly owned by the family of her brother Eric S. Canoy. No further available information about her.
Other Radio Outlets
DWNX 1611 Naga
DYHB 747 Bacolod
DYHP 612 Cebu
DYKR 1161 Kalibo
DYKR 1161 Kalibo
DYVR 657 Roxas
DXBC 693 Butuan
DXCC 828 CDO
DXMY 729 Cotabato
DXDC 621 Davao
DXDR 981 Dipolog
DXMD 927 Gensan
DXIC 711 Iligan
DXKR 639 Koronadal
DXMB 648 Malaybalay
DXPR 603 Pagadian
DXRS 918 Surigao
DXRZ 900 Zamboanga
iFM 103.9 Baguio
iFM 104.7 Dagupan
iFM 99.5 Laoag
DWNX 91.1 Naga
98.5 iFM Cauayan
iFM 94.3 Bacolod
iFM 93.9 Cebu
iFM 95.1 Iloilo
99.1 iFM RMN Tacloban
iFM 98.1 Boracay
iFM 99.1 CDO
iFM 93.9 Davao
iFM 91.9 Gensan
iFM 96.3 Zamboanga
iFM 95.3 Valencia
iFM 90.9 Cotabato
iFM 102.3 Iligan
iFM 96.7 Pagadian
iFM 100.7 Butuan
iFM 94.1 Dipolog
DWDY 1107 AM Cauayan
DZLT 1188 AM Lucena
DWAJ 792 AM Palawan (Narra)
DWJA 1134 AM Palawan (Roxas)
DWRS 927 AM Vigan
DYME 783 AM Masbate
DWPR 1296 AM Dagupan
DWHT 107.9 FM Dagupan
DWSR 94.1 FM Daet
DWAR 103.9 FM Palawan
DWQS 107.3 FM Sorsogon
DYME 95.9 FM Masbate
DZLQ 98.3 FM Lucena
DWRW 95.1 FM Angeles
DYGB 91.7 FM Dumaguete
DYTR 91.1 FM Tagbilaran
DYWC 801 AM Dumaguete
DYTR 1116 AM Tagbilaran
DXOC 1494 AM Ozamis
Other Online Outlets
rmn.ph
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
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
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.
the treasurer of Radio Mindanao Network, Inc., is the wife of RMN founder Henry Canoy. She is the mother of RMN Chairman Eric S. Canoy and board members Ike “Butch” S. Canoy and Carlos “Charley” S. Canoy.
son of Eric, is a board member and the executive vice president/chief operating officer of RMN who holds 0.00053% shares in the company. He is also the vice president of IBMI and a stockholder in EDCanoy Prime Holdings, Inc. with 19%.
is a board member of RMN and the corporate secretary of EDCanoy Prime Holdings, Inc. He is also part of Educhild as its president. A corporate law expert, he is a co-founder and the head of the corporate law department of EMSAVVIL law office. In February 2023, he was appointed as vice dean of the Institute of Law of the University of Asia and the Pacific. He was part of the board of directors of IBC-13 from 2010 to 2017.
is the corporate secretary of RMN. She is part of the EMSAVVIL law office of Marasigan. She previously served as corporate secretary on IBC-13 in 2019.
Non-Executive Board
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.
a brother of Eric, is a director in RMN and the third biggest shareholder with 16%.
a brother of Eric, is a board member of RMN who holds 2.37399% shares in RMN. He is the vice chairman of Kapisanan ng mga Brodkaster ng Pilipinas and chairman of the Ad Standards Council.
Supervisory Board
Missing Data
Other Influential People
Missing Data
Further Information
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.