Simplify the following text for a Grade 13 native English-speaking person.
Original: The president of Empresas 1BC and general director of RCTV , Marcel Granier , and the president of RCTV , Eladio Larez , were present at its inauguration .
Simplified: On July 18 , 2005 , Empresas 1BC president Marcel Granier and RCTV president Eladio Larez opened up the new building where RCTV 's news show , `` El Observador '' , will be made .