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FINANCIAL STATEMENTS AND MANAGEMENT REPORT 2015
• Based on an agreement reached by the Council of Ministers on October 16, 2015, the Company was granted a
15-year license to operate a new high-definition TDT channel, which may be extended in accordance with the
terms stipulated by Audiovisual Law. Set broadcasting must begin within six months of being granted.
Per Article 4 of its Bylaws, the Company was incorporated for an indefinite period.
The Company became exchange-listed on June 24, 2004, when it was listed on the stock exchanges of Madrid, Barcelona,
Bilbao andValencia and became an IBEX-35 company on January 3, 2005.
Corporate transactions
On July 27, 2011, the merger of Agencia deTelevisión Latino-Americana de Servicios y Noticias España, S.A.U., Sociedad
GeneralTV Cuatro, S.A.U., and Compañía Independiente de Noticias deTelevisión, S.L. by Mediaset España Comunicación,
S.A. was registered with the Madrid Mercantile Registry. Mediaset España Comunicación, S.A. was the sole shareholder
of these companies.The merger was authorized by the Board of Directors on July 22, 2011.
Mediaset España Comunicación, S.A., acquired all the absorbed companies’ assets based on the merger balance sheets at
December 31, 2010 by universal succession, and assumed all their rights and obligations without reservation, exception
or limitations as established by law.
The merger took effect for accounting purposes on January 1, 2011.
In respect of the aforementioned takeover and merger, the Company elected to apply the option set forth in Chapter
VIII,Title VII of the revised Spanish Corporation Law, approved by Royal Legislative Decree 4/2004, regarding mergers,
spin-offs, contributions of assets and exchanges of securities.