Ono sells Teuve to Chellomedia | News | Rapid TV News
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teuveLiberty Global-backed Chellomedia has purchased channel operator Teuve from Spanish cable operator Ono. The move adds 12 channels to Chello Multicanal’s slate.

Seller Ono was struggling, and while a 2008 restructuring seems to have paid dividends, with the operator returning to profit in 2009, revenues continue to fall at the operation.

Teuve channels are present in 2.2 million Spanish homes, all of Spain’s principal cable and internet TV providers. It also offers mobile and broadband channel versions. Teuve’s services include movie and cinema-focused channels CineStar, CTK, Xtrm and Somas; entertainment channel Buzz; music service Pacha TV; nature dosumentaries service Natura. The operator also handles the Spanish versions of MGM and KidsCo.

Chello Multicanal already operates seven channels itself: Canal Hollywood, Canal Cocina, Odisea, Sol Música and Decasa, plus Bio and Historia as part of a joint venture with A&E Television Networks.

The deal includes all Teuve’s programming assets, as well as playout facilities. Teuve uses a fully digital tape-less environment with a unique data repository that serves the current 12 channels based in standard technologies such as Grass Valley, DIVA Front Porch, Pebble Beach and Tarsys Tedial.

The new company will have channels present in four million homes.

© Rapid TV News 2010