Edon-Remor Corporation
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| Public | |
| Traded as | ERC |
| Industry | Mass media |
| Predecessors |
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| Founded | 30 June 1958 |
| Founder | Chiro Edonsere |
Key people |
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| Brands |
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| Revenue |  $60 billion |
| $18.2 billion | |
| Total assets | $29 billion |
| Owners |
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Number of employees | 10,800 |
| Divisions |
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| Subsidiaries |
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The Edon-Remor Corporation, often referred to simply as Edon-Remor or ERC, is a Caphirian-based global mass media conglomerate headquartered in Venceia. The company was founded as Edon Multimedia in 1958 by media mogul Chiro Edonsere, and later merged with longtime competitor Remor Network in November 2016, creating the current incarnation of the company. The corporation's principal ownership is split between the Edonsere Estate and the Remor Estate.
Founded as Edon Multimedia in 1958 by media tycoon Chiro Edonsere, the company began as a modest media house focusing on print journalism and regional broadcasting. Over the years, Edon Multimedia expanded its operations, gradually acquiring smaller media entities and diversifying its content offerings to include radio, television, and later digital platforms. In 2008, the company rebranded to Edon Media and focused on sensationalism in an attempt win the television rating wars. In 2010, rival media company Remor Network - owned by the Remor Estate, a family with a long history in media and entertainment, attempted a hostile takeover of Edon Media. After a lengthy legal process, the takeover was blocked in court in 2012. In 2016 however, Edon Media and Remor Network reached an agreement to merge, forming the Edon-Remor Corporation.
The Edon-Remor Corporation maintains a diverse portfolio that spans across various sectors of the media industry. Key holdings include Edon News, Caphiria's leading television news network; Edon Sports Network, an internationally broadcasted cable sports channel; and the Remor Entertainment Network (REN), operating numerous TV channels and production companies. The company is also involved in radio broadcasting, print publications, lifestyle magazines, film and television production, and digital platforms. While it is not directly controlled by the Caphirian state, its content often aligns with the state's narratives, leading to perceptions of it being a "state mouthpiece". However, the corporation maintains its editorial independence and has often broken stories that challenge the status quo.
Today, the Edonsere Estate and the Remor Estate jointly manage the ERC. The Edonsere Estate, represented by the heirs of Chiro Edonsere, controls 31% of the corporation's shares. On the other hand, the Remor Estate, continuing the legacy of its media-savvy forebears, controls 29% of the shares. The rest of the shares are held by various investors and stockholders.
Over the years, ERC has gained a reputation for its high-quality journalism, innovative programming, and impactful storytelling. It has played a crucial role in shaping public opinion and discourse in Caphiria and beyond. Despite facing criticism for its perceived proximity to the state, ERC continues to be a dominant player in Caphiria's media industry, leveraging its vast resources and influence to set the agenda and drive conversations on a range of topics.
History
Founding and Print era (1958-1962)
The Edon-Remor Corporation has its roots in the vision of media mogul Chiro Edonsere. Prior to founding Edon Multimedia in 1958, Chiro had established a reputation as a shrewd and uncompromising businessman in the advertising industry. However, his ambition extended far beyond advertising, and he saw an opportunity to make his mark in the burgeoning field of mass media. Edon Multimedia was initially a small operation based out of a modest office in the Docks. From the outset, Chiro's vision for the company was clear: he sought to create a media empire that would span across different platforms and reach every corner of Caphiria. He understood the power of media to shape public opinion and believed that a diversified media company could achieve a level of influence unmatched by any single medium.
In pursuit of this goal, Chiro adopted a bold and aggressive strategy, buying up struggling media outlets and transforming them into profitable enterprises. His business acumen, combined with a keen sense for public sentiment, allowed him to turn around these failing ventures and integrate them into the Edon Multimedia portfolio. Despite the growth, the early years of Edon Multimedia were not without their share of obstacles. Chiro faced stiff resistance from established media houses and public criticism for his sensationalist approach to journalism. However, he remained undeterred, confident in his vision and the ultimate success of his venture. It was during this period that Chiro also developed a reputation for his controversial management style. He was known to foster a highly competitive environment within the company, encouraging rivalries among his employees to drive performance. This approach, while controversial, was effective in driving the growth and success of Edon Multimedia during its formative years.
The mid-1960s marked the beginning of what would come to be known as the "Print Era" for Edon Multimedia. By this time, the company had already made a mark in the Caphirian media industry, having strategically acquired numerous struggling media outlets. With its dynamic and diverse portfolio of print media outlets, the company was well-positioned to influence public opinion. Chiro understood that his newspapers, magazines, and journals had the power to shape societal discourse and, by extension, the course of events. Under his direction, the company's print media outlets not only reported news but also became trendsetters, creating news narratives that resonated with readers across Caphiria. This was led by Chiro's personal ideology, which remained "fluid and capable of accommodating any vessel in which I am contained in". The Print era was also a time of rapid expansion for Edon Multimedia. Chiro's aggressive acquisition strategy continued unabated, swallowing up smaller media companies and further diversifying the company's offerings. This helped Edon Multimedia extend its reach and solidify its dominance in the print media landscape. By the late 1960s, the company had established itself as a major force in Caphiria's media scene.
Television age (1979-1999)
The 1980s marked a significant pivot for Edon Multimedia as the company transitioned from its print-centric origins into the burgeoning realm of television. Recognizing the potential of television as a new platform for news and public influence, Chiro charted a new course for the company. This transition began with the 1980 launch of Edon News TV, which quickly carved out a niche in the Caphirian television industry thanks to its high-quality programming and innovative news coverage. The success of Edon News TV emboldened Edonsere to double down on TV in numerous ways: he strategically acquired several local and regional television stations to expand his total reach and influence, increasing its advertising revenue and allowing the company to expand its portfolio to include cable channels catering to different niches and demographics. By the late 1980s, the company had transformed into a multi-channel broadcast giant, commanding substantial viewership and advertising revenue.
Organization
The Edon-Remor Corporation operates through five main divisions, each focusing on a key aspect of the company's diverse media portfolio. These divisions oversee the day-to-day operations of the company's numerous brands and subsidiaries, ensuring coordinated efforts and efficient use of resources.
News & Information Services
ERC News and Information Services serves as the company's primary hub for news and information content. This division oversees ERC News, ERC Radio, and Edon Publishing. Together, these brands provide audiences with a range of news formats, including digital, print, and broadcast. This division also collaborates closely with ERC's other divisions to disseminate relevant news and information content.
ERC Entertainment
ERC Entertainment is responsible for the company's broad array of entertainment content. It encompasses the Remor Entertainment Network (REN), Remor Film Studios, and ERC Digital. This division focuses on creating compelling TV, film, and digital entertainment that reaches audiences around the globe. It also works closely with the Distribution and Technology division to ensure content reaches audiences through the most effective channels.
ERC Sports
ERC Sports centers on the Edon Sports Network (ESN). This division provides comprehensive sports coverage, from live broadcasts of major events to in-depth analysis and commentary. ERC Sports also explores opportunities for sports-focused digital content, radio programs, and print publications, often collaborating with other divisions to broaden its reach.
ERC Distribution and Technology
ERC Distribution and Technology is the backbone of the corporation's infrastructure. It oversees ERC Content Distribution and Edon Multimedia Technologies. This division ensures that ERC's content is effectively distributed across various platforms and devices. It also drives technological innovation within the company, developing new ways to deliver content and engage audiences.
ERC International
ERC International manages the corporation's global operations, including Edon-Remor International. This division is responsible for the company's foreign subsidiaries and joint ventures, facilitating the distribution of ERC content to international audiences.
Corporate governance
Board of directors
- Pancesio Edonsere (Executive Chairman)
- Aldoroello Remor III (Chief Executive)
- Ludoro Edonsere
- Savio Edonsere
- Tardenzo Ribonavarri
- Aldoroello Remor III
- Justian Remor
- Rachriella Dasheva
- Chrisa Fabboranno
- Seto Marduonaro
- Adelo Andano
- Arolò Paldisi
Executive management
- Aldoroello Remor III, Chief Executive
- Sanzio Pertinus Dović, Vice Executive
- Oterio Camborra, Senior Chief Executive, ERC News and Information Services
- Lucisio Lazzi, Vice Executive, ERC News
- Onormarco Naco, Vice Executive, ERC Radio
- Edgariello Așkento, Vice Executive, ERC Publishing
- Alberan Bonti, Senior Chief Executive, ERC Entertainment
- Meden Passolizzesi, Vice Executive, Remor Entertainment Network
- Descostino Văcinius, Vice Executive, Remor Film Studios
- Giano Colonari, Vice Executive, ERC Digital
- Corino Arzoli, Senior Chief Executive, ERC Sports
- Raius Carano, Chief Executive, Edon Sports Network
- Taldoro Rodonev, Senior Chief Executive, ERC Distribution and Technology
- Saldeus Kacocci, Senior Chief Executive, ERC International