Grupo Radio Centro Announces Results From Annual Shareholder's Meeting

Grupo Radio Centro Announces Results From Annual Shareholder's Meeting

MEXICO CITY, March 6 /PRNewswire-FirstCall/ -- Grupo Radio Centro, S.A.B. de C.V. (the "Company") (NYSE: RC; BMV: RCENTRO-A) announced today that at its Annual Shareholder's Meeting, held Thursday, March 6, 2008, shareholders approved a dividend payment from retained earnings for fiscal year 2007.

Following the recommendation of the Company's Board of Directors, the shareholders approved Grupo Radio Centro's dividend payment to all shareholders from retained earnings for fiscal year 2007 in the amount of Ps. 100,000,000, or approximately Ps. 0.61453539176306 per each of the 162,724,561 Series A Shares outstanding. The dividend will be paid in one disbursement on March 14, 2008 to shareholders of record as of March, 13, 2008 through S.D. Indeval, S.A. de C.V., a Mexican securities deposit institution.

In addition, the shareholders ratified the composition of the Company's current Board of Directors.

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. 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, Grupo Radio Centro-affiliated radio stations.

   IR Contacts   In Mexico:   Pedro Beltran / Alfredo Azpeitia   Grupo Radio Centro, S.A.B. de C.V.   Tel: (5255) 5728-4800, Ext. 7018   aazpeitia@grc.com.mx    In New York:   Maria Barona / Peter Majeski   i-advize Corporate Communications, Inc.   Tel: (212) 406-3690   grc@i-advize.com.mx  

First Call Analyst:
FCMN Contact:

Source: Grupo Radio Centro, S.A.B. de C.V.

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

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

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Profile: International Entertainment