Consolidated Annual Accounts 2017

Translation of consolidated financial statements originally issued in Spanish and prepared in accordance with the regulatory financial reporting framework applicable to the Group in Spain (see Notes 2 and 29). In the event of discrepancy, the Spanish-language version prevails. 7 In April 2015, the Spanish Ministry of Industry called a public tender for six licences to operate six public television channels, three of which were to be broadcast in standard quality and three in high definition. A single bidder could not be allocated more than one licence to operate a standard channel and one licence to operate a high definition channel. As a result of this tender, on 16 October 2015 the Parent was awarded a licence to broadcast a high definition public television channel, through which it began to broadcast the Atreseries channel on 22 December 2015. Its TV programming consists of Spanish series (current and old Antena 3 and la Sexta series), as well as international series, mini-series and films. In relation to the renewal of the public radio broadcasting service concessions operated by Uniprex, S.A. Unipersonal, 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 concession was 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 engage mainly in activities related to the production, reproduction and broadcasting of sounds and images. The Parent's shareholders at the General Meeting of 28 April, and the Board of Directors at its meeting of 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 (Continuous Market). On 29 October 2003, the Parent's shares began 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., contingent on authorisation by 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 Common Terms of Merger of the two companies. The Parent's shareholders at the General Meeting held on 25 April 2012 approved the merger by absorption between Atresmedia Corporación de Medios de Comunicación, S.A. (absorbing company) and Gestora de Inversiones Audiovisuales La Sexta, S.A., under the Common Terms of Merger filed with the Madrid Mercantile Register (Registro Mercantil) on 7 February 2012. The merger 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. On 5 October 2012, the Spanish Cabinet also resolved to authorise the transfer of the audiovisual communication licence held by La Sexta and the assignment for private use of the associated public radioelectric domain. From that date onwards, the operations of La Sexta are deemed to be performed for accounting purposes by Atresmedia Corporación de Medios de Comunicación, S.A.