94 / 148
Translation of financial statements originally issued in Spanish and prepared in accordance with the
regulatory financial reporting framework applicable to the Company (see Notes 2 and 22). In the event of
a discrepancy, the Spanish-language version prevails.
Atresmedia Corporación de Medios de Comunicación, S.A.
(formerly Antena 3 de Televisión, S.A.)
Notes to the financial statements for the year ended 31 December 2014
1.- Company activities
Atresmedia Corporación de Medios de Comunicación, S.A. (formerly Antena 3 de Televisión,
S.A.) ("the Company"), with registered office at Avenida Isla Graciosa, 13, San Sebastián de
los Reyes (Madrid), was incorporated on 7 June 1988, and its then sole company object was
the indirect management of a public television service.
For this purpose, it submitted a bid in response to the call for tenders made under Article 8 of
Private Television Law 10/1988, of 3 May, and, pursuant to a resolution of the Spanish Cabinet
of 25 August 1989, was awarded a concession for the indirect management of the public
television service, for a period of ten years, which ended on 3 April 2000.
On 7 May 1996, the shareholders at the Annual General Meeting resolved to change and
extend the Parent's company object, as permitted by Satellite Telecommunications Law
37/1995.
On 10 March 2000, the Spanish Cabinet adopted a resolution renewing the concession for the
indirect management of the public television service for a period of ten years from 3 April
2000. The terms of this renewal were the same as for the former concession, with the added
obligation of commencing digital broadcasting on 3 April 2002. The Company made all the
necessary investments to enable it to begin broadcasting on that date the Antena 3 de
Televisión, S.A. signal pursuant to Royal Decree 2169/1998, of 9 October, approving the
Spanish Technical Plan for Digital Terrestrial Television (DTT). On 3 April 2010, the National
Government renewed, for a period of ten years, the concession for the indirect management of
the public television service, under the same terms and conditions as the previous concession.
The Company'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 Antena 3 de Televisión, S.A. on the Madrid, Barcelona, Bilbao and Valencia Stock Exchanges
and their inclusion in the Spanish Stock Market Interconnection System. On 29 October 2003,
the Company's shares commenced trading on these stock exchanges.
Additional Provision One of Royal Decree 944/2005, of 29 July, approving the Spanish
Technical Plan for Digital Terrestrial Television established 3 April 2010 as the date for the
switch-off of analogue television broadcasting in all the transition projects defined in the
National Plan for the Transition to Digital Terrestrial Television. From that date onwards, all
terrestrial television was broadcast using digital technology.
Following this milestone, in accordance with Additional Provision Three of Royal Decree
944/2005, of 29 July, each national terrestrial public television service concession operator
would gain access to a digital multiplex with national coverage.
Royal Decree 365/2010, of 26 March, governs the allocation of the Digital Terrestrial
Television multiplexes following the switch-off of terrestrial television broadcasting using
analogue technology.
It established two phases for the allocation of the digital multiplexes. Phase 1 (transitional), in
which each national terrestrial public service television concession operator would gain access
to the capacity equivalent to one digital multiplex with national coverage, provided they
demonstrated that they had met the terms and conditions established in relation to the drive