02. PRISA, A GLOBAL GROUP ANNUAL REPORT 2011 organization and its activities. Graphics and consolidated data tables can help make the information in the report, such as management and control mechanisms, as well as plans of action and commitments, accessible and understandable. Reliability and transparency Information used in the preparation of a report has been reliably and comprehensively gathered, recorded, compiled, analyzed, and disclosed in order to reflect the real situation of PRISA. PRISA decided to cease production of CNN+ and instead to create a new global news channel. PRISA, Telecinco, Telefónica formalize their alliance. PRISA TV sells its headquarters for 80 million euros and signs a 20-year lease. Significant changes over the period covered by this report affecting the size, structure and holdings of the company. PRISA and Indra signed a strategic agreement that will increase the technological level of the Group. PRISA signed an agreement with Liberty leading to a capital injection of up to USD 900 million. PRISA won the football broadcast rights war. PRISA and Telecinco formalized the integration operation of Cuatro and the acquisition of 22% of Digital +. DLJ South American took a 25% in Santillana, giving PRISA a cash injection of 279 million euros. PRISA embarked on its digital transformation. PRISA and Liberty confirmed 100 million more in commitments from institutional investors. Grupo Santillana reorganized its business model to strengthen its leadership and commit itself to the digital world. PRISA in negotiations to become part of the controlling stakeholders of Le Monde. PRISA agrees to eliminate the condition of the partial sale of Media Capital. PRISA’s new shares began trading. 36