TVE is to close their free-to-air (FTA) sports channel Teledeporte.

This is to help reduce the company’s huge debt.

The company announced the plan immediately after receiving an input of €130 million from the Spanish Government in order to compensate this year’s fall in revenue.

Although Teledeporte will not close totally.

Teledeporte will become an online streaming channel. Most of Teledeportes programming will be integrated into La 2, TVE’s second channel.