8
On 22 March 2013, the Spanish Cabinet adopted a resolution to comply with the judgment of
the Spanish Supreme Court of 27 November 2012, indicating that the affected channels must
cease broadcasting and associating this process with the freeing up of the digital dividend.
Subsequently, on 18 December 2013, the Spanish Supreme Court issued an order enforcing
the aforementioned judgment, referring, inter alia, to the channels affected by its judgment,
whichwould include three of the channels currently being operated by Atresmedia.
At present, based on the information available, the interpretation of the aforementioned
decisions and the fact that Atresmedia Corporación de Medios de Comunicación, S.A. has
complied with all the commitments and obligations imposed on it, a satisfactory solution is still
expected to be reached, and it was not considered necessary to make any significant
adjustments or amendments to these consolidated financial statements.
In relation to the renewal of the public radio broadcasting service concessions operated by
Uniprex, S.A. (Sole-Shareholder Company), to date, applications have been submitted to the
competent authorities, in accordance with the legislation in force, for the renewal of
concessions about to expire and for authorisation of a change of operator in other concessions.
In certain cases the renewal of the concessionwas granted expressly, whereas in others it was
obtained by the administrative silence route after the pertinent appeals were filed with a
higher administrative body, in accordance with Article 43 of the Public Authorities and
Common Administrative Procedure Law.
The other Group companies engagemainly in activities relating to the production, reproduction
and broadcasting of sounds and images.
The Parent's Annual General Meeting and its Board of Directors Meeting, on 28 April 2003 and
29 July 2003, respectively, resolved to request the admission to trading of all the shares of
Atresmedia Corporación de Medios de Comunicación, S.A. on the Madrid, Barcelona, Bilbao
and Valencia Stock Exchanges, as well as their inclusion in the Spanish Stock Market
Interconnection System. On 29 October 2003, the Parent's shares commenced trading on
these stock exchanges.
On 14 December 2011, following a resolution by its Board of Directors, Atresmedia
Corporación de Medios de Comunicación, S.A. entered into an agreement with the
shareholders of Gestora de Inversiones Audiovisuales La Sexta, S.A. to merge the two
companies, through the merger by absorption of La Sexta into Atresmedia Corporación de
Medios de Comunicación, S.A., subject to the obtainment of the relevant authorisations from
the regulatory and competition authorities.
On 25 January 2012, the Boards of Directors of Atresmedia Corporación de Medios de
Comunicación, S.A. and Gestora de Inversiones Audiovisuales La Sexta, S.A. approved the
draft terms of merger of the two companies.
The Parent's shareholders at the Annual General Meeting held on 25 April 2012 approved the
merger involving the absorption by Atresmedia Corporación de Medios de Comunicación, S.A.
(absorbing company) of Gestora de Inversiones Audiovisuales La Sexta, S.A., under the draft
terms of merger filedwith theMadridMercantile Registry on 7 February 2012.
Themerger was authorised by the Spanish anti-trust authorities on 24 August 2012, by virtue
of a resolution adopted by the Spanish Cabinet on the same date.
