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relation to the rights to broadcast certain programmes, which was made impossible due to
the closure of the aforementioned channels, and for which an impairment loss of EUR 3
million was recognised.
Without prejudice to the aforementioned accounting impact, Atresmedia brought an action
for the damages and losses suffered as a result of the closure of these three channels.
Also, three appeals were filed at the same Chamber Three against the resolutions of the
Spanish Cabinet of 28 May and 11 June 2010.
In June 2015 UTECA (the Public Commercial Television Union), an entity encompassing
public commercial television operators, reached an agreement with the companies that
appealed those resolutions whereby the concessions to operate a public television service
were renewed and were transformed into licences to operate an audiovisual communications
service. Due to this agreement, the companies that made the appeals applied to Chamber
Three of the Spanish Supreme Court to discontinue them. The Chamber has accepted the
applications to discontinue the appeals and ordered the proceedings to be set aside.
Accordingly, the eight channels included the resolutions of the Spanish Cabinet, two of which
belonged to Atresmedia, will not be switched off. The expense incurred in reaching this
agreement was recognised in June 2015.
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 may 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. (Sole-Shareholder Company), 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 relating to the production,
reproduction and broadcasting of sounds and images.
The Parent'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 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. On 29 October 2003, the Parent's shares commenced 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., subject to the obtainment of the relevant authorisations from
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
draft terms of merger of the two companies.