Mexican Civil Judge Upholds Arbitration Award Against Grupo Radio Centro

Mexican Civil Judge Upholds Arbitration Award Against Grupo Radio Centro

- Grupo Radio Centro To Challenge Court Decision -

MEXICO CITY, Aug. 11 /PRNewswire-FirstCall/ -- Grupo Radio Centro, S.A. de C.V. (NYSE: RC; BMV: RCENTRO-A), Mexico's leading radio broadcasting company, announced today that a Mexican court confirmed the validity of the arbitration award issued on January 30, 2004 against Grupo Radio Centro by an arbitration panel established under the rules of the International Chamber of Commerce. This ruling overturns the November 11, 2004 decision by another Mexican court to set aside the award. The new ruling is subject to further judicial review, and Grupo Radio Centro intends to contest the ruling vigorously. Grupo Radio Centro is not obligated to pay the award until its rights to Mexican judicial review have been exhausted.

Company Description:

Grupo Radio Centro owns and/or operates 14 radio stations, 11 of which are located 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.

CONTACT: In Mexico: Pedro Beltran, or Alfredo Azpeitia both of Grupo
Radio Centro. S.A. de C.V., +52-55-5728-4800 Ext. 7018; In New York: Maria
Barona, or Peter Majeski, both of i-advize Corporate Communications, Inc.,
+1-212-406-3690, grc@i-advize.com

Web site: http://www.radiocentro.com.mx/

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