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CONFORMED
Securities and Exchange Commission
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer
Pursuant To Rule 13a-16 or 15d-16
of The Securities Exchange Act of 1934
For the month of August, 2006
Commission File Number 1-12090
GRUPO RADIO CENTRO, S.A. de C.V.
(Translation of Registrant's name into English)
Constituyentes 1154, Piso 7
Col. Lomas Altas, Mexico D.F. 11954
(Address of principal office)
(Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F.)
(Check One) Form 20-F [x] Form 40-F [ ]
(Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
(Check One) Yes [ ] No [x]
(If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b). 82- .)
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MEXICO CITY, Aug. 1 /PRNewswire-FirstCall/ -- Grupo Radio Centro, S.A. de C.V.
(NYSE: RC) (BMV: RCENTRO-A) ("Grupo Radio Centro" or the "Company"), Mexico's
leading radio broadcasting company, announced that the Company will reduce its
fixed capital stock by a total of Ps. 120,000,000 through a distribution to
shareholders in the amount of Ps. 0.74016843063 per share, which will be paid as
follows:
-- Ps. 70,000,000, or Ps. 0.43176491786 per share, will be paid to
shareholders immediately. This amount has been deposited with S.D.
Indeval, S.A. de C.V., the Mexican securities depositary, and will be
distributed beginning August 7, 2006.
-- The remaining Ps. 50,000,000, or Ps. 0.30840351276 per share, will be
paid to shareholders no later than December 31, 2006.
Company Description:
Grupo Radio Centro owns and/or operates 14 radio stations. Of these 14 radio
stations, Grupo Radio Centro operates 11 in Mexico City. The Company's principal
activities are the production and broadcasting of musical and entertainment
programs, talk shows, news and special events programs. Revenue is primarily
derived from the sale of commercial airtime. The Company also operates a radio
network, Organizacion Impulsora de Radio, which acts as the national sales
representative for, and provides programming to, Grupo Radio Centro-affiliated
radio stations.
Note on Forward-Looking Statements: This release may contain projections or
other forward-looking statements related to Grupo Radio Centro that involve
risks and uncertainties. Readers are cautioned that these statements are only
predictions and may differ materially from actual future results or events.
Readers are referred to the documents filed by Grupo Radio Centro with the
United States Securities and Exchange Commission, specifically the most recent
filing on Form 20-F, which identifies important risk factors that could cause
actual results to differ from those contained in the forward-looking statements.
All forward-looking statements are based on information available to Grupo Radio
Centro on the date hereof, and Grupo Radio Centro assumes no obligation to
update such statements.
SOURCE Grupo Radio Centro, S.A. de C.V.
-0- 08/01/2006
/CONTACT: In Mexico, Pedro Beltran or Alfredo Azpeitia, both of Grupo
Radio Centro, +011-5255-5728-4800, ext. 7018, or aazpeitia@grc.com.mx; or in
New York, Maria Barona or Peter Majeski, both of i-advize Corporate
Communications, Inc., +1-212-406-3690, or
grc@i-advize.com.mx, for Grupo Radio Centro/
/Web site: http://www.radiocentro.com.mx /
(RC)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Grupo Radio Centro, S.A. de C.V.
(Registrant)
Date: August 1, 2006 By: /s/ Pedro Beltran Nasr
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Name: Pedro Beltran Nasr
Title: Chief Financial Officer