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Description extracted from Wikipedia:

Channel One was a British television channel owned and operated by Virgin Media Television and then Sky plc. The channel was launched on 1 October 2007 at 21:00 on Freeview, Virgin Media and Sky as Virgin1 , replacing Ftn. The channel broadcast 24 hours on cable, satellite and Freeview; a one-hour timeshift, Channel One +1, broadcast on cable and satellite. BSkyB acquired the channel on 4 June 2010 and rebranded it as Channel One. On 15 September 2010, BSkyB announced that it would close Channel One and sister channels Bravo and Bravo 2. Channel One's Freeview space on the multiplex was used to launch Challenge there. Channel One closed on 1 February 2011 at 06:00. It was replaced by Challenge on Freeview and Sky Atlantic on Sky.