Grupo Record

Rádio e Televisão Record S/A
Trade name	Grupo Record
Type	Private
Industry	Media conglomerate
Founded	9 November 1989; 36 years ago (9 November 1989)
Founder	Edir Bezerra Macedo
Headquarters	São Paulo , Brazil
Area served	Worldwide
Key people	Marcus Vinícius Vieira (CEO)
Products	Television networks Radio stations Internet services Newspapers Music industry
Brands	Record Record News RFTV Rádio Record Correio do Povo Hoje em Dia O Dia R7
Services	Financial services
Revenue	RS$ 2,250 billion (2013)
Number of employees	9,000
Website	Record IR website

Grupo Record is the third largest media company in Brazil, the company owns several television stations such as Record and Record News, was founded in November 1989 and belongs to the businessman and bishop Edir Macedo.

History

Since the launch of Record News, SKY Brasil and Claro TV+, pressured by Grupo Globo, have opposed the inclusion of the channel in their packages. The channel was forced to be included on SKY, which is controlled by Grupo Globo. On Claro TV+, after strong pressure from Grupo Record, the channel was included.

In 2011, the "fast-paced" moves made by the Universal Church of the Kingdom of God to buy broadcasting stations throughout Brazil in the 1990s were criticized by the Federal Public Prosecutor's Office. The allegation was that Grupo Record used the Universal Church for Edir Macedo's business interests through financial fraud, such as diverting donations to the church to offshore companies and money laundering. Despite the allegation, stemming from an investigation, there was never a trial, as the church has tax immunity, and the alleged money laundering crimes were committed before the legal definition of the practice.

Companies

References