CONFORMED

                       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 April, 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: April 20, 2004                         By: /s/ Pedro Beltran Nasr
                                                 -------------------------------
                                                 Name:  Pedro Beltran Nasr
                                                 Title: Chief Financial Officer



[LOGO] GRUPO
       RADIO
      CENTRO

Press
Release

IR Contacts:

In Mexico:
Pedro Beltran/Alfredo Azpeitia,
Grupo Radio Centrro, S.A. de C.V.
Tel: 5255-57-28-48 81 or
5255-57 28-49-11

In New York
Maria Barona
Melanie Carpenter
i-advize Corporate
Communications, Inc.
Tel: (212) 406-3690
Email: grc@i-advize.com

[LOGO] RC                [SEAL]
     Listed
      NYSE

                                                           For Immediate Release


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                   Grupo Radio Centro REPORTS A LOSS FOR 2003
                       DUE TO AN EXTRAORDINARY LOSS FROM
                         INFORED ARBITRATION PROCEEDING
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Mexico City, April 20, 2004 - Grupo Radio Centro, S.A. de C.V. (BMV:  RCENTRO-A,
NYSE:  RC) ("Grupo  Radio  Centro" or "the  Company"),  Mexico's  leading  radio
broadcasting company, announced today that it has filed with the Mexican Banking
and Securities  Commission  (Comision  Nacional  Bancaria y de Valores) its 2003
audited financial statements,  which report a net loss of Ps. 245.8 million. The
audited financial statements reflect an extraordinary loss under Mexican GAAP of
Ps.  340.7  million  related  to the  March  1,  2004  award of  damages  by the
International  Chamber of  Commerce  in the  arbitration  proceeding  brought by
Infored,  S.A. de C.V. and Mr. Jose Gutierrez  Vivo. The Company was notified of
the  arbitration  decision after it reported its results for 2003.  Because this
damage award is as an  extraordinary  item under  Mexican  GAAP,  the  Company's
operating income for 2003 (Ps.[157.9] million) was not affected.

The Company plans to challenge the validity 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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