Radio Fórmula (XERFR 970-AM)

The origins of the news radio station Radio Fórmula XERFR 970 AM are traced back in the 1930s although it officially emerged somewhere at the end of the 1960s when it was established as Radio Distrito Federal, a music radio station which contributed in the introduction of rock music in Mexico. In the 1980s the music was replaced with mainly news programme. The transformation continued in the middle of the 1990s with the creation of RadioFórmula Estados - three networks with national coverage with nowadays more than hundred radio stations (some of them in the United States).   

Key facts

Audience Share

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Ownership Type

Private

Geographic Coverage

National

Content Type

Free content

Data Publicly Available

ownership data is easily available from other sources, e. g. public registries etc.

2 ♥

Media Companies / Groups

Grupo Fórmula

Ownership

Ownership Structure

The station Radio Fórmula XERFR 970 AM belongs to the conglomerate Grupo Fórmula. The current President, Rogerio Azcárraga Madero, is the son of the founder Rogerio Azcárraga Vidaurreta.

The subsidiaries and affiliated companies of Grupo Fórmula, Transmisora Regional Radio Fórmula S.A. de C.V. and Fórmula Radiofónica S.A.de C.V., appear as the concessionaires in documents of the Federal Institute for Telecommunications. The shareholder structure is being presented in this way: Radio Formula National Radio Network, S.A. de C.V. owns 499 shares (99.8%) and Jaime Azcárraga Romandia owns 1 share (0.2%).  

Voting Rights

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Media Companies / Groups
Facts

General Information

Founding Year

1968

Affiliated Interests Founder

Rogerio Azcárraga Vidaurreta - Businessman born in Piedras Negras, State of Coahuila. He is considered the pioneer of the music industry in Mexico. His brother is Emilio Azcárraga Vidaurreta, founder of Telesistema Mexicano which grew into the media giant Televisa.

Affiliated Interests Ceo

Rogerio Azcárraga Madero - President of the Managing Board of Grupo Fórmula. Son of Rogerio Azcárraga Vidaurreta and nephew of Emilio Azcárraga Vidaurreta, founder of Telesistema Mexicano which grew into the media giant Televisa.

Affiliated Interests Editor-In-Chief

Arturo González Orduño - Since February 2018 he is in charge of the news management of Grupo Fórmula. It is not clear if he left his previous position as Director of Telefórmula. 

Affiliated Interests other important people

Jaime Azcárraga Romandía, Andrea Azcárraga Romandía, Lorenza Azcárraga Romandía - The three children of Rogerio Azcárraga Madero hold a certain position in the company. Jaime is the Executive Vice President of Grupo Fórmula. Andrea is the Director of Public Relations and Lorenza is in charge of the logistics and operations department.

Contact

Address: Av. Universidad 1273, Acacias, C.P. 03240, Ciudad de México, México.

Teléfono: 01 55 5524 2501

Financial Information

Revenue (in Mill. $)

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Operating Profit (in Mill. $)

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Advertising (in % of total funding)

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Market Share

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Further Information

Meta Data

The web page of Grupo Fórmula includes its history and evolution but does not publish who participates in its governing board. 

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