11 / 140
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 28).
In the event of a discrepancy, the Spanish-language version prevails.
Atresmedia Corporación de Medios de Comunicación, S.A.
and
Subsidiaries
Notes to the 2015 Consolidated Financial Statements
1.
Group activities
Atresmedia Corporación de Medios de Comunicación, S.A., the Atresmedia Group's Parent,
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 Parent made all the
necessary investments to enable it to begin broadcasting on that date the Atresmedia
Corporación de Medios de Comunicación, S.A. signal pursuant to Royal Decree 2169/1998, of
9 October, which approved 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.
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.