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 May, 2009
|
Commission
File Number 1-12090
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GRUPO
RADIO CENTRO, S.A.B. de C.V.
(Translation
of Registrant’s name into English)
Constituyentes
1154, Piso 7
Col.
Lomas Altas, México 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 r
(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 r No x
(If “Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b). 82-_____.)
 |
FOR
IMMEDIATE RELEASE
GRUPO
RADIO CENTRO ANNOUNCES INVESTMENT IN LOS ANGELES RADIO STATION BY AGUIRRE
FAMILY
Mexico
City, May 13, 2009. Grupo Radio Centro, S.A.B. de C.V. (the "Company")
(NYSE: RC, BMV: RCENTRO-A) announced today that certain members of the Aguirre
family, who beneficially own 51.6% of the Company, have agreed to purchase a 49%
equity stake in Grupo Radio Centro LA, LLC (GRC-LA), a wholly-owned subsidiary
of the Company. The Company will retain the remaining 51% stake in
GRC-LA.
The
Company recently formed GRC-LA to provide programming to the Los Angeles-based
radio station, KMVN-FM, pursuant to a Local Marketing Agreement with Emmis
Communications Corporation. In exchange for their 49% equity stake,
the Aguirre family members have agreed to be responsible for 49% of the cost of
the Company’s investment in GRC-LA.
In
compliance with the Company’s corporate governance practices, this transaction
has been approved by the Company’s board of directors following receipt of a
favorable opinion of the Company’s corporate practices committee.
*****
Company
Description
Grupo
Radio Centro owns and/or operates 15 radio stations. Of these 15 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. In addition to the
Organización Radio Centro radio stations, the Company also operates Grupo RED
radio stations and Organización Impulsora de Radio (OIR), a radio network that
acts as the national sales representative for, and provides programming to, 108
Grupo Radio Centro-affiliated radio stations throughout Mexico.
|
RI
Contacts
|
|
|
In
México:
|
In
NY:
|
|
Pedro
Beltrán / Alfredo Azpeitia
|
Maria
Barona / Peter Majeski
|
|
Grupo
Radio Centro, S.A.B. de C.V.
|
i-advize Corporate Communications, Inc. |
|
Tel:
(5255) 5728-4800 Ext. 7018
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Tel:
(212) 406-3690
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aazpeitia@grc.com.mx
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grc@i-advize.com.mx
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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.
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Grupo
Radio Centro, S.A.B. de C.V.
(Registrant)
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|||
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Date:
May 13, 2009
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By:
|
/s/ Pedro Beltrán Nasr | |
| Name: Pedro Beltrán Nasr | |||
| Title: Chief Financial Officer | |||