Grupo Radio Centro
 | |
 | |
| Company type | Sociedad Anónima Bursátil de Capital Variable |
|---|---|
| BMV: RCENTRO | |
| Industry | Broadcasting |
| Founded | 1952 in Mexico City |
| Headquarters | |
Area served | Mexico and El Paso, Texas in the United States |
Key people | Francisco Aguirre Gómez Managing Director Jacinto Marina |
| Products | Radio stations |
| Owner | Aguirre Gómez family |
Number of employees | 434 (2015) |
| Website | radiocentro laoctava |
Grupo Radio Centro is a Mexico City-based owner and operator of radio stations. It owns 30 radio stations in Mexico and the United States, including 8 radio stations in Mexico City.
History
[edit]Radio Centro's origins date to 1946, when Francisco Aguirre Jiménez formed the Cadena Radio Continental to operate XEQR-AM 1030 and new station XERC-AM 790 in Mexico City. Organización Radio Centro was formed in 1952, and the current company was founded in 1971.
In 1965, it founded OIR (Organización Impulsora de la Radio), which syndicates Radio Centro's formats to stations across Mexico. Its non-Mexico City business extended further in the 1980s, when Radio Centro began selling its formats outside the United States (in 1983) and created Cadena Radio Centro (in 1986) to manage this portion of its operations. Meanwhile, in Mexico City, it had expanded to five AM stations and three new FM outlets. Radio Centro was the second media company to place its FM towers on Cerro del Chiquihuite, to the north of the city, though they are now located elsewhere.
In 1994, it sold Cadena Radio Centro, picked up (and promptly shed) an investment in Heftel Broadcasting (now known as Univision Radio), and bought 33% of Radiodifusión Red (which it would later own outright). The absorption of Radiodifusión Red, also known as Radio Programas de México, brought three additional Mexico City stations into Radio Centro's stable.
It also built a new building on the west side of Mexico City, known as the Trébol Radio Centro (or "Radio Centro Clover") in 1993. It also launched an initial public offering on the BMV (where Grupo Radio Centro stock continues to trade) and the NYSE (where it delisted in 2013).
In May 2000, Televisa attempted to buy GRC and announced an agreement in principle for a merger, but the acquisition failed due to marketplace concerns. The Federal Competition Commission recommended that Televisa sell some stations,[1] and ultimately four months after the announcement, talks ended. Other reasons for the acquisition's failure included dissent within the Aguirre family and a dispute over GRC's valuation.[2] Another roadblock was that newscaster José Gutiérrez Vivó, who hosted the Monitor newscasts on Radio Red, refused to work with Televisa.[3]
In 2012, GRC acquired 25% of KXOS FM in Los Angeles, three years after signing a local marketing agreement to take control of the station's programming.
On March 11, 2015, Radio Centro won one of two concession packages to build and operate a national television network.[4] However, Radio Centro ended up not paying the 3 billion pesos to secure the concession.[5]
Seeking to limit costs after the television concession fiasco, in June 2015, shareholders approved a merger of Radio Centro with Controladora Radio México and GRM Radiodifusión, two components of Grupo Radio México.[6] The merger added 30 radio stations to Grupo Radio Centro's portfolio and marks its first major expansion outside of Mexico City.[7]
In November 2016, GRC took control of Univision Radio's El Paso cluster, consisting of KBNA-FM, KQBU and KAMA, by local marketing agreement, and filed with the FCC to buy 25% of the stations, with the remaining shares being held by a US citizen.[8]
On November 27, 2017, a fire affected the company's main offices, forcing it to briefly suspend the broadcasts of all its Mexico City stations and relocate to an alternate site.
Stations
[edit]Mexico City
[edit]- XEN-AM 690
- XERC-AM 790 (off air)
- XEQR-AM 1030
- XERED-AM 1110
- XHRED-FM 88.1
- XHFAJ-FM 91.3
- XEJP-FM 93.7
- XEQR-FM 107.3
Guadalajara
[edit]Monterrey
[edit]- XEMN-AM 600 (off air)
- XEH-AM 1420
- XESTN-AM 1540 (repeater of XHRED-FM)
- XHQQ-FM 93.3
- XHMF-FM 104.5 (concession held by Grupo Radiorama) (repeater of XHFAJ-FM)
Ciudad Juarez
[edit]- XHEM-FM 103.5 and XEJCC-AM 720 (concession held by Grupo Radiorama)
- XHTO-FM 104.3 (concession held by Grupo Radiorama)
- XEJ-AM 970 (concession held by Grupo Radiorama)
Los Mochis
[edit]Other cities
[edit]- XEAA-AM 1340 Mexicali, B.C. (off air)
- XHKF-FM 90.5 Iguala, Gro.
- XHKC-FM 100.9 Oaxaca, Oax.
- XEFE-AM 790 Nuevo Laredo, Tamau.
United States
[edit]- KBNA-FM 97.5 El Paso (25% ownership, through owner 97.5 Licensee TX, LLC)
- KAMA AM 750 El Paso (25% ownership, through owner 97.5 Licensee TX, LLC)
- KQBU AM 920 El Paso (25% ownership, through owner 97.5 Licensee TX, LLC)
Former stations
[edit]- KXOS-FM 93.9 Los Angeles (2009–2019, sold to Meruelo Group)
- XEAZ-AM 1270 Tijuana (2008–2021, Sold to PSN)
- XEEST-AM 1440 Mexico City (1961–2019, operated by Grupo Siete beginning in 1996, sold to Grupo Siete in 2019)
- XEFB-AM 630 Monterrey (1973–2023, sold to Grupo Acustik)
- XEINFO-AM 1560 Mexico City (1979–2000; 2011-2017, passed to Infored, in turn sold to Eduardo Henkel; migrated to 105.3 FM)
- XEJP-AM 1150 Mexico City (1955–2020, sold to Grupo Acustik)
- XENET-AM 1320 Mexico City (1958–2000, passed to Infored, went defunct in 2008)
- XEPZ-AM 1190 (owned by Grupo Radiorama, operated by GRC from 2010 to 2022)
- XERC-FM 97.7 Mexico City (1974–2020, sold to MVS Radio)
- XEUNO-AM 1120 Guadalajara (1992–2020, sold to Grupo Acustik)
- XHCCQ-FM 91.5 Cancún (owned by Grupo Radiorama, operated by GRC from 2009 to 2022)
- XHDK-FM 94.7 Guadalajara (owned by Grupo Radiorama, operated by GRC from 2002 to 2020)
- XHEPR-FM 99.1 Ciudad Juárez (owned by Grupo Radiorama, operated by GRC from 2021 to 2022)
- XHETOR-FM 99.9 Torreón (sold to Multimedios Radio)
- XHFO-FM 92.1 Mexico City (owned by Grupo Siete, operated by GRC from 1993 to 2019)[9]
- XHKB-FM 99.9 Guadalajara (sold to Multimedios Radio)
- XHPBCQ-FM 94.9 Cancún (2019–2022, sold to Promo Éxitos)
- XHRCA-FM 102.7 Torreón (sold to Multimedios Radio)
- XHRPO-FM 97.7 Oaxaca (sold to El Heraldo de México)
- XHRPU-FM 102.9 Durango (sold to Multimedios Radio)
- XHRRF-FM 88.5 Mérida (operated to Peninsula Studios)
- XHSP-FM 99.7 Monterrey (1973–2021, sold to El Heraldo de México)
- XHVOZ-FM 107.5 Guadalajara (sold to Grupo Audiorama Comunicaciones)
- XHWN-FM 93.9 Torreón (sold to Multimedios Radio)
- XHXV-FM 88.9 León (sold to Grupo Radiorama)
- XHYK-FM 101.5 Mérida (operated to Peninsula Studios)
- XHETB-FM 89.1 and XETB-AM 1350 Torreón (sold to Grupo Zócalo)
Non-radio
[edit]Radio Centro owned XHDF-TV channel 13 in Mexico City from its 1968 launch to 1972, when it was expropriated by state financier SOMEX. In 2017, GRC's owner, Francisco Aguirre Gómez, won the concession for XHFAMX-TDT, which launched on October 31, 2019 being operated by GRC. XHFAMX was sold in 2022 to Grupo Andrade, owners of El Heraldo de México.
References
[edit]- ^ Osterroth, María (2000-07-28). "Sugieren vender estaciones". Reforma.
- ^ Watling, John (2000-08-10). "Televisa-Radio Centro off air". Hollywood Reporter.
- ^ Tricks, Henry (2000-08-10). "Televisa deal with Radio Centro collapses". Financial Times.
- ^ Pallares, Miguel (2015-03-11). "Radio Centro y Cadena Tres ganan nuevas televisoras". El Universal.
- ^ BMV "Relevant Event" release, 10 April 2015 Archived 18 June 2015 at the Wayback Machine
- ^ Lucas, Nicolás (2015-06-29). "Radio Centro aprueba fusión de sus filiales". El Economista. Retrieved 2015-06-29.
- ^ "Radio Centro description of the deal" (PDF). Archived from the original (PDF) on 2016-10-20. Retrieved 2015-06-30.
- ^ Venta, Lance (10 November 2016). "Grupo Radio Centro Acquires Univision's El Paso Cluster". Radio Insight. Retrieved 20 March 2017.
- ^ Lucas, Nicolás (June 25, 2019). "Grupo Radio Centro y Grupo Siete terminan alianza comercial sobre la 92.1 FM de CDMX". El Economista. Retrieved August 3, 2019.
External links
[edit]- Official website (in Spanish)