Grupo Radio Centro Announces General Ordinary Shareholder Meeting Results

Grupo Radio Centro Announces General Ordinary Shareholder Meeting Results

MEXICO CITY, Aug. 12, 2011 /PRNewswire/ -- Grupo Radio Centro, S.A.B. de C.V. (NYSE: RC, BMV: RCENTRO-A) (the "Company"), one of Mexico's leading radio broadcasting companies, announced today the results of the Company's General Ordinary Shareholders' Meeting held Thursday, August 11, 2011.

Following the recommendation of the Company's Board of Directors, shareholders approved a dividend payment to all shareholders from retained earnings for fiscal year 2010 in the amount of Ps. 65,000,000, or approximately Ps. 0.39944799728 per each of the 162,724,561 Series A Shares outstanding.

The dividend will be paid in one disbursement on August 22, 2011 to shareholders of record as of August 17, 2011 through S.D. Indeval, S.A. de C.V., a Mexican securities deposit institution.

Company Description

Grupo Radio Centro owns and/or operates 15 radio stations. Of these 15 radio stations, 12 are located in Mexico City, two AM stations, in Guadalajara and Monterrey, and one FM station in Los Angeles. 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 Organizacion Radio Centro radio stations, the Company also operates Grupo RED radio stations and Organizacion 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.

IR Contacts
In Mexico: In NY:
Pedro Beltran / Alfredo Azpeitia Peter Majeski
Grupo Radio Centro, S.A.B. de C.V. i-advize Corporate Communications, Inc.
Tel: (5255) 5728-4800 Ext. 4910 Tel: (212) 406-3694
aazpeitia@grc.com.mx grc@i-advize.com.mx

SOURCE Grupo Radio Centro S.A.B de C.V.

Grupo Radio Centro S.A.B de C.V.

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