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The success of the merger between

Antena 3

and

laSexta

is

undeniable and has shown that our decision was the correct one.

The channel has integrated perfectly into our model and has

made us better than ever. This can be seen from the response

of the industry and audiences, as well as from the profitability

ratios.

Our

Group

, in its commitment to diversity, is the one that

best reflects what is actually happening in Spanish society.

We understand the importance of our role in the system of

checks and balances necessary for democratic life. We know

that the better and more diverse the information received by

the public, the better founded will be their decisions. In times

such as those that we are experiencing now, this certainty only

becomes stronger. The facts demonstrate that we are right:

2015 was the year in which

Atresmedia

established itself as the

leading source of news for the Spanish people, who turned to

us to learn about the major news and election events.

7d: el

debate decisivo

, broadcast simultaneously by

Antena 3

and

its international signal,

laSexta

,

Onda Cero

and streamed live

through

Atresplayer

, attracted almost 10 million viewers and 48%

of the audience. It was the culmination of this strategic focus on

diversity and a group initiative of which we can feel very proud.

The advertising market has been positive for the second year

running, underlining the fact that we are clearly on the path

to recovery. As a result of the strong performance of all our

business areas and our effective commercial policy, among other

factors, the

Atresmedia

group has managed to take advantage

of this improved advertising investment and has increased its net

revenue by 9.8%, higher than the overall market growth rate, to

stand at €970.2 million.

With a management model that seeks efficiency and maximum

profitability, the

Company

's gross operating profit stood at

€165.7 million, achieving a sales margin of 17.1%; and the net profit

was €99.2 million, double (+112.4%) that achieved in 2014.

By business area,

Atresmedia Televisión

has again improved

its position, both qualitatively and quantitatively, which has

led to an increase in net income of 9.2% compared to 2014.

It is important to highlight the excellent work of

Atresmedia

Publicidad

in the sale of our advertising spaces. With a

customer-oriented approach and following the principles of

innovation, efficiency and profitability, it has positioned itself as

the largest seller of multimedia advertising space in the Spanish

market, with a 19.3% share of the total investment in conventional

media, and the highest rated in the sector in terms of the quality

of the commercial service.

In 2015,

Atresmedia Televisión

had an average audience share

of 26.8% and this figure rose to 27.7% during prime time, the

slot with the most viewers, which allowed it to achieve a share

of 42.1% of the total investment in television, showing significant

annual growth (+0.6%).

The success

of the merger

between

Antena 3 and

laSexta is

undeniable and

has shown that

our decision

was the

correct one.

The channel

has integrated

perfectly into

our model and

has made us

better than ever

ATRESMEDIA

| ANNUAL AND CORPORATE RESPONSIBILITY REPORT 2015 |

LETTER FROM THE CEO

|

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