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Translation of financial statements originally issued in Spanish and prepared in accordance with the regulatory
financial reporting framework applicable to the Company in Spain (see Notes 2 and 22). In the event of a
discrepancy, the Spanish-language version prevails.
Atresmedia Corporación de Medios de Comunicación, S.A.
Notes to the financial statements for the year ended 31 December 2015
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 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. This Royal Decree established two phases for the allocation of the digital multiplexes:
Phase 1 (transitional), in which each national terrestrial public television service 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 promotion and development of digital terrestrial television; and phase 2, in which
new digital multiplexes would be planned, and adjustments would be established so that the
radioelectric channels 61 to 69, which were being used by the digital multiplexes in the previous
phase, could be replaced by others in phase 2. This would conclude before 1 January 2015 with
the allocation of the definitive digital multiplexes to each qualifying company, thereby ending the
shared use of digital multiplex capacity by the national terrestrial public television service
concession operators.