================================================================================

                                                                       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 September, 2006          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- .)

================================================================================



               GRUPO RADIO CENTRO ANNOUNCES EXTRAORDINARY DIVIDEND

    MEXICO CITY, Sept. 22 /PRNewswire-FirstCall/ -- Grupo Radio Centro, S.A.
de C.V. (NYSE: RC) (BMV: RCENTRO-A) ("Grupo Radio Centro" or "the Company"),
Mexico's leading radio broadcasting company, announced that the Company will
distribute the remaining Ps. 50,000,000 (or Ps. 0.30840351276 per share) from
the reduction of its fixed capital stock.

    The amount of Ps. 50,000,000 (fifty million Mexican pesos), or
Ps. 0.30840351276 per share, is payable to shareholders of record as of
September 29, 2006, and will be deposited with S.D. Indeval, S.A. de C.V., the
Mexican securities depositary, on October 2, 2006, to be distributed beginning
at that date.

    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. 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.

    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.

SOURCE  Grupo Radio Centro, S.A. de C.V.
    -0-                             09/22/2006
    /CONTACT:  In Mexico, Pedro Beltran or Alfredo Azpeitia, both of Grupo
Radio Centro, +011-5255-5728-4800, ext. 7018, or aazpeitia@grc.com.mx; or in
New York, Maria Barona or Peter Majeski, both of i-advize Corporate
Communications, Inc., +1-212-406-3690, or grc@i-advize.com.mx, for Grupo Radio
Centro/
    /Web site:  http://www.radiocentro.com.mx /
    (RC)



                                   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: September 22, 2006                        By:    /s/ Pedro Beltran Nasr
                                                       -------------------------
                                                Name:  Pedro Beltran Nasr
                                                Title: Chief Financial Officer