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Tuesday, March 31, 2009

Grupo Radio Centro Announces Annual Shareholder's Meeting Results

Grupo Radio Centro Announces Annual Shareholder's Meeting Results

MEXICO CITY, March 31 /PRNewswire-FirstCall/ -- Grupo Radio Centro, S.A.B. de C.V. (the "Company") (NYSE:RC)(NYSE:BMV:)(NYSE:RCENTRO-A) announced today resolutions from the Company's Annual Shareholder's Meeting, held Tuesday, March 31, 2009, in which shareholders approved a dividend payment from retained earnings for fiscal year 2008.

Following the recommendation of the Company's Board of Directors, shareholders approved a dividend payment to all shareholders from retained earnings for fiscal year 2008 in the amount of Ps. 100,000,000, or approximately Ps. 0.614535380433443 per each of the 162,724,561 Series A Shares outstanding. The dividend will be paid in one disbursement on April 13, 2009 to shareholders of record as of April 3, 2009 through S.D. Indeval, S.A. de C.V., a Mexican securities deposit institution.

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


Source: Grupo Radio Centro

CONTACT: In Mexico, Pedro Beltran, or Alfredo Azpeitia, both of Grupo
Radio Centro, S.A.B. de C.V., (5255) 5728-4800 Ext. 7018,
aazpeitia@grc.com.mx; or In New York, Maria Barona, or Peter Majeski, both of
i-advize Corporate Communications, Inc., +1-212-406-3690, grc@i-advize.com.mx,
for Grupo Radio Centro, S.A.B. de C.V.


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