Abogados Diez y Romeo.

1. - Introduction
As almost all of the autonomous regions have done, Canarias has called a public
tendering procedure for the granting of permits for the indirect management of
commercial radio broadcasting in metric waves and frequency modulation.
2. –Procedure for granting of permits
This is contained in the tendering specifications governing the procedure which lay
down the following:
APPLICANTS:
May be:
1. Natural persons
2. Legal persons (Corporations, Foundations, Associations, etc.…)
3. Temporary Unions of Undertakings (UTE)
TASKS AND DEADLINES:
The deadline for the submission of proposals is 14 February 2008, (envelopes Nº
1 y Nº 2).
a) Filling out and submission of the bidder’s administrative documentation,
including notarized formalities and before the Companies Registration Office if
any.
b) Statement of technical and financial Feasibility Plan and strategic plan for radio
broadcasting project.
c) Programming proposal according to chosen formula.
3. - Díez & Romeo Proposal
In our experience, to carry out correctly the application procedure for a permit for
the indirect management of radio broadcasting, it is necessary to carry out a series
of tasks that must be coordinated and correctly implemented within the timeframes
laid down in the specifications.
To carry out these tasks an experienced work team is necessary with knowledge
of the different fields of operating and management of radio broadcasting licences:
 Legislative-Legal
 Economic-Financial
 Technical
 Social
 Strategic
 Administrative
A multidisciplinary team of professionals with experience is necessary to carry out
the advisory, consultancy and assistance tasks required for the acquiring of the
licence.
Page 2 of 10 Gran Vía Nº 16, 1º Planta 28013 Madrid Tel 91 52151 89 - 91 522 69 89 Fax 91 523 47 54 www.diezromeo.com

This team of professionals carry out their tasks in the following areas:
3.1. - Work Areas
 European Community Law
 National law
 Autonomous regional Law
Local Regulations
Broadcasting Network
 BF Equipment
 HW and SW receiver equipment
 Information Systems
Investments
 Operating Costs.
 Revenue
 Financing
 Demographic Analysis
 Cultural Analysis
 Supply Estimate Analysis
 Demand Estimate Analysis
3.2. – Work Organization
Legal Environment
Technical Environment
Economic Environment
Sociological
Environment
Each project is assigned a manager who is in charge of 4 interrelated work teams
Work team

Project Manager
Audiovisual Legal Team:
Lawyers specializing in radio broadcasting and public
procurement
Technical team:
Telecommunication Engineers
Financial team:
·Economists and Financial Advisors
Social team:
Sociologists and Labour Counsellors
3.3. – Our Value Offer Services
D & R offers ADVICE, TECHINICAL SUPPORT AND CONSULTANCY services,
FOR THE CARRYING OUT OF THE NECESSARY STEPS IN THE
APPLICATION FOR PERMITS FOR THE INDIRECT MANAGEMENT OF RADIO
BROADCATING IN METRIC WAVES WITH FREQUENCY MODULATION IN THE
CANARY ISLANDS.
The tasks D&R can carry out in accordance with our resources and experience are
the following:
I. - Audiovisual legislation suitability:
Preparation of the tendering party to adapt the application to current legislation
II.-Guidance for the incorporation of the tendering party if appropriate
Public limited company, private limited company, and preparation of incorporation
documents
• Shareholder agreements.
• By-laws.
• Internal rules of procedure.
III. – Guidance in the determination of the strategy to follow in the radio-broadcasting
project
• Socio – economic study of the coverage area
• Market survey of radio broadcasting products and services in the area.
• Technical study of the necessary infrastructure, facilities and equipment.
• Human resources study.

IV. - Preparation of the licence application documentation:
Guidance, administration and management of the administrative documentation:
• Suitability of the corporate purpose
• Financial, technical and professional solvency
• Binding declarations
• Procedure for tendering with Temporary Union of Undertakings (UTE) as
appropriate
• Resolution of registration, tax and accounting contingencies
V. – Production of the statement of technical and financial feasibility plan and
strategic plan for radio broadcasting project with the following contents as
minimum:
1. - Radio station objectives.
2. - Radio content proposal characteristics.
2.1 Local and regional production.
2.2 Generic framework within which the content proposal is placed
2.2.1 Supporting values.
2.2.2 Target audience.
2.2.3 Grid outline.
2.2.4 Means and resources for in-house production
2.2.5 Time destined for in-house production, local, regional and national
programming.
2.2.6 Distribution of time: Programs and advertising
2.3. - Description of the program grid – type proposal
2.3.1 Citizen participation.
2.3.2 Inclusion of political, social, religious, ethnic and cultural diversity.
2.3.3 Cultural programs
2.3.4 Educational programs.
2.3.5 Children and youth programs.
2.3.6 Political programs.
2.3.7 News.
2.3.8 Information and social programs.
3. – Additional data services.
4. - Personnel providing services to the station.
5. - Technical feasibility project
5.1. - Location and plan of headquarters.
5.2. - Technical infrastructure.
5.2.1 Basic infrastructure.
5.2.2 Equipment.
5.3 Personnel.
5.4. Additional service platform
5.5. Technical support for citizen participation.
5.6 Temporary planning of infrastructure deployment and start-up.
6.- Broadcaster Economic Feasibility project.
6.1 Area of operations
6.2 Investment program.
6.2.1 Investments necessary for the start-up of the licence.
6.2.2 Investments necessary during the years the licence lasts.
6.2.3 Depreciation.
6.2.4 Investment payments.
6.3. - Start-up and service running costs program
6.3.1 Start-up costs.

6.3.2 Personnel costs.
6.3.3 Running costs.
6.3.4 Summary of costs.
6.4 Revenue program.
6.4.1 Products and services.
6.4.2 Market and competition.
6.4.3 Business model, marketing and sales strategy.
6.4.4 Predicted revenue.
6.5 Financing and budget contributions.
6.6 Profit and loss account.
6.7 Cash flow projection.
6.8 Balance sheet projection.
6.9 Investment evaluation.
6.10 Risk and exit-strategy analysis.
V. – Management and control of documentation, submission and advice on any
correction of defects and omissions
3.4.- Fees and deadlines
Our clients can decide on a completely flexible basis those tasks in which they
need our services and on the basis of this they will receive a detailed estimate with
deadlines and the prices of the tasks to be carried out and our terms of
contracting.
The fees estimate will be calculated on the tasks to be carried out by the D & R
multidisciplinary team which does the work, and will be based on our experience in
similar projects and on the scope and complexity of the work to be carried out.
The parameters used in the calculation of fees are the following:
i. Work time: 2 weeks, working days 5 days / week.
ii. Team involved in each project: 5 D & R professionals part-time with
different levels of experience, plus any external resources used to
contribute experience and knowledge to the work.
iii. The number of hours to be worked by the D & R team is calculated in
terms of equivalent full-time resources.
iv. Combination of different levels of experience and different types of
knowledge in the members of the team.
v. The client determines what work D & R is to carry out.
vi. The fees proposal for the services to be provided is calculated on the
basis of these parameters of the size of the team and of the tasks the
client has developed and those which D & R is to carry out.
3.5.- Terms of contracting
Work deadline
2 weeks from acceptance of the proposal.

Billing schedule
- 50 % at the commencement of the work.
- 50 % at the conclusion of the work.
Payment
On date of invoice.
Daily expenses, accommodation and travel
Payable by D & R after agreement of the work plan.
4.- Experience
D & R is proud to be a firm which, combining legal and engineering input, has a
success rate for its projects of between 70% and 80%.
With more than 150 television and radio clients, our efficiency has been
demonstrated at local and regional level, successful results having been obtained
in Madrid, Valencia, Galicia, Andalusia, Canary Islands, Asturias, Aragon, Basque
Country, Cantabria, Murcia, Balearic Islands and Catalonia.
For this reason we today have exemplary status in the broadcasting sector, a
position of leadership which we put at your disposal so that you may take part in
the tendering procedure with real assurance of access to the new FM radio
licences.
5.- Information of interest
Without any doubt success in the obtaining of DTT licences in the public tendering
procedures called by the various autonomous regions is the most important
reassurance we can give to our clients.
Our 77% far exceeds any other proposal you may have received.
Porcentaje de éxito en proyectos de TDT
0 10 20 30 40 50 60 70 80 90 100
Díez & Romeo
Empresas consulting
Gabintes técnicos
Otros bufetes especialistas
Empresas de nueva creación
Bufetes generalistas
Profesionales particulares
"Success percentages in DTT projects”

Apart from D & R the following types of firm offer these services:
1. - Consultancy firms: preparation of documentation for all types of tendering procedures
2. - Firms of technicians: made up mostly of engineers
3. - Other specialist firms: lawyers and engineers with expertise in the sector
4. - Newly created firms: professionals from other areas who have reorganized their work
5. - General firms: lawyers with expertise in the traditional fields of the law
6. - Individual professionals: experts providing individual services
D & R brings together 46% of audiovisual legal work in two segments:
- obtaining of radio and television licences
- preventive advice and litigation.
Development of the confidence placed in D&R by operators in the audiovisual sector
60
50
40
30
20
10
0
Source: Register
2003 2004 2005 2006 2007
6.- International Backing
Díez & Romeo
Gab Ingenieria
Otras firmas
By way of our membership of the International Bar Association (IBA) based in
London and of the European Lawyers’ Union (UAE) in Luxembourg we can count
on the advice of the best professionals at international level.
7.- National recognition
Thanks to their professional successes, which include numerous DTT licences,
FM radio and judgments in favor of our operators who have been inconvenienced
by others or by the public authorities, D&R provides legal advice to the

Organization of Local Television Associations G-9, which represents more than
350 local television companies in Spain.
D&R lawyers and engineers have also published a great number of articles in the
general press and in specialist journals for the audiovisual sector such as
Teleinforme, Cineinforme, Vídeo Popular, Tele Digital, Cine Video 20, etc…
8.- Díez & Romeo in constant growth
With the application of the technique of executive excellence or “peak
performance” in the provision of its services D&R has experienced exponential
growth over the last 4 years. The opening of the offices in Bilbao and Barcelona,
the adding of 15 more lawyers to its team in 2007 and the creation of the only
Radioelectronic Spectrum Law Department in Spain make it possible for our
resources to be qualitatively more effective while maintaining some of the most
competitive rates in the market.
This has made possible the creation of:
www.d-raudiovisuais.es
www.diezromeotdt.es
D & R Audiovisuais is a subsidiary which operates entirely in the Galician
audiovisual market providing legal and technical advice to radio and television
producers and operators.
D & R Desarrollos Tecnológicos is a telecommunications engineering company
which offers its customers a wide range of services relating to
telecommunications, information technology, electronics and multimedia content.
9.- Our credentials
In the course of its existence D & R has successfully advised public bodies and
private companies on all matters concerning the audiovisual communications
sector. In particular the lawyers and engineers of the Communications Law
Section (Audiovisual Law Department, Public Procurement Department and
Radioelectronic Spectrum Law Department) have advised numerous radio and
television operators with positive results.
10.- Contact

Gran Vía Nº 16, 1º Planta Tel. 91 521 51 89
28013 Madrid Fax: 91 523 47 54
E-mail: info@diezromeo.com
Contacts: Paula Romeo, Jaime Rodríguez, María Márquez, Juan Encinas.
Page 10 of 10 Gran Vía Nº 16, 1º Planta 28013 Madrid Tel 91 52151 89 - 91 522 69 89 Fax 91 523 47 54
www.diezromeo.com

Abogados Diez y Romeo.

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