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 June, 2004 Commission File Number 1-12090
GRUPO RADIO CENTRO, S.A. de C.V.
(Translation of Registrant's name into English)
Constituyentes 1154, Piso 7
Col. Lomas Altas, Mexico 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 ___
(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 ___ No X
(If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b).82-______.)
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.
Grupo Radio Centro, S.A. de C.V.
(Registrant)
Date: June 8, 2004 By: /s/ Pedro Beltran Nasr
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Name: Pedro Beltran Nasr
Title: Chief Financial Officer
[LOGO] GRUPO
RADIO
CENTRO
Press
Release
IR Contacts:
In Mexico:
Pedro Beltran/Alfredo Azpeitia
Grupo Radio Centro, S.A. de C.V.
Tel: (5255) 5728-4800 Ext. 7018
In New York:
Maria Barona
Melanie Carpenter
i-advize Corporate
Communications, Inc.
Tel: (212) 406-3690
Email: grc@i-advize.com
For Immediate Release
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GRUPO RADIO CENTRO MAKES PAYMENT
DECREED BY CIVIL JUDGE AND UPDATES STATUS OF
ARBITRATION PROCEEDING
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Mexico City, June 7, 2004 - Grupo Radio Centro, S.A. de C.V. (BMV: RCENTRO-A,
NYSE: RC) ("Grupo Radio Centro" or "the Company"), one of Mexico's leading radio
broadcasting companies, announced today that it will pay Ps. 13.1 million to
Infored, S.A. de C.V., as required by a decree of a Mexican civil judge relating
to litigation proceedings brought by Grupo Radio Centro in July 2002. This
decree finally resolves a contract dispute regarding the Company's contract with
Infored, S.A. de C.V. to produce sports programming that was broadcast by the
Company on the following radio programs: "Los Protagonistas"; "Deportv" and "Red
Deportiva".
This matter is unrelated to the March 2004 arbitration decision reached by the
International Chamber of Commerce regarding the "Monitor" news programs, which
the Company will challenge in the Mexican courts. The ICC proceeding was brought
by Infored, S.A de C.V. and Mr. Jose Gutierrez Vivo in 2002. On May 26, 2004, a
Mexican judge denied Infored and Gutierrez Vivo's request for the court's
recognition of the ICC's decision based on procedural grounds. At the same time,
the judge reserved the right of all the parties to seek the recognition or
enforcement of the decision or to challenge its validity.
The Company will challenge the validly of the ICC arbitration decision in the
Mexican courts. Pending this challenge, the Company will seek a stay of the
enforcement of the damage award.
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.
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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.
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