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Antena 3

(91%) and

laSexta

(56%) were again the channels with

the greatest success rates for their new releases, most of them

during prime time, the time slot with the higher consumption,

where together the two channels were the most viewed in 2015,

with 21.9%. This leadership was also extended to the commercial

target (24.3%), that most demanded by the advertisers.

Antena 3

, moreover, was again the leading channel during prime

time in the commercial target with 14.9%, and was absolute

leader during the afternoon (12.4%) and at weekends (13%).

laSexta

has continued to grow every month since the merger

and achieved its best year so far with a 7.4% audience share,

establishing itself as the country's third private channel. It also

obtained its best ever prime time figure: 8.5%, which is 2.1% more

than its direct competitor.

As I have already mentioned, in 2015

Atresmedia Televisión

also added two new channels and did so successfully. These are

MEGA

, which became the themed channel with the strongest

start in the history of DTT, with 2.1%, and

Atreseries

, which is

achieving excellent audience figures despite not having complete

coverage as the penetration of HD television is still insufficient.

These channels are in addition to established brands like

Neox

and

Nova

, which have equalled their second best annual figures

with 2.6% and 2.4% respectively.

2015 has also been a good year for

Atresmedia Radio

. Suffice

it to say that our Radio Division has had a historic year with its

second best profitability rate, obtaining an EBITDA margin of

24.3%. This figure was produced in the context of the renovation

of

Onda Cero

's morning slot. These events have again tested our

ability to tackle challenges and, as we have done before, resolve

them successfully. If

Onda Cero

has demonstrated anything

during its 25 years, which it has been celebrating recently, it is its

strength as a brand and its great ability to overcome problems

and continue to grow. Supported by the strength of the

Group

,

taking advantage of the inexhaustible pool of talent that is

our Radio product and with the confidence of having the best

professionals in the sector, I am convinced that the transition

process, which is always the result of any change, will lead,

sooner rather than later, to a new momentum and the meeting of

the ambitious targets we have set ourselves.

In 2015, the channels

Atresmedia Radio

,

Onda Cero

,

Melodía

FM

and

Europa FM

together achieved an average audience

of almost five million listeners. As a result of these impressive

figures, its position as an opinion leader for listeners and its

good commercial strategy, the Division's net income grew above

the market rate to stand at €89.9 million, representing growth

of 10.6%. The gross operating profit amounted to €21.8 million

(+24.2%), compared to €17.6 million in 2014.

The world of multimedia, which I have already mentioned, is

a clear focus for the

Group

and forms part of our DNA. For a

long time now we have seen the reward for this commitment in

Atresmedia

Radio has

had a historic

year with its

second best

profitability

rate, obtaining

an EBITDA

margin of 24.3%

ATRESMEDIA

| EXECUTIVE SUMMARY OF THE ANNUAL AND CORPORATE RESPONSIBILITY REPORT 2015 |

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