Chris Chena Acquires TV Channel
Paraguayan domainer Chris Chena is in the news again, this time for having acquired 80% of the popular Paraguayan TV channel Canal 13. It looks like he is putting the millions of dollars he made by selling some of his top domains to Marchex and Fox Latinoamerica to good use by laying the foundation for a future national media empire.
Chris remains in the domain business, with gems like viajes.com (trips), clasificados.com (classifieds), amistad.com (friendship), paraguay.com and animation.com still in his possession.
Here's a quick translation of the official announcement which was released earlier today (Oct 18):
Acquisition of 80% of the Shares of Canal 13
This communication serves to inform the press and general public of a commercial relationship that was initiated on October 15 2007 with Teledifusora Paraguaya S.A. (Canal 13):
- On the mentioned date, Christian Chena acquired 80% of the shares of Teledifusora Paraguaya S.A. (Canal 13, Radio Cardinal AM y FM)
- One of the primary reasons of this acquisition is to make sure that this important medium of communications and source of work for local media professionals remains in Paraguayan hands, with the goal of improve all parts of the company and increasing its national production.
- This communication is issued with the goal of guaranteeing the peace of mind of all TV viewers, employees and clients of Canal 13.
- The remaining 20% of shares remains in possession of the family López Moreira, which is represented by Jorge Santiago López Moreira.
INFORMATION ABOUT CHRISTIAN CHENA
Christian Chena Núñez, a 29 year old Paraguayan entrepreneur, is one of the Internet pioneers in Paraguay. Founder and owner of Chena Ventures S.A. (Paraguay) and Chena Ventures, Inc. (USA), he looks back on a successful international career and wide experience in the e-business world, in particular in the development of e-commerce niches. Dedicated to the development of innovative business projects, his companies offer services in the areas of communications, technology, education and commerce, with vast experience in interactive media and online audiences.
Over the past few years, he has developed vertical portals and hispanic online channels, such as Juegos.com and a network of Spanish online games domains. Several of his popular portals were acquired this year for millions of dollars by large companies such as Marchex (USA), Fox Latinoamerica (USA) and Spill Group (Holland).
Even though Chena Ventures's specialty lies in Internet business and monetization of online traffic, the company has also developed business models that allow it monetize any kind of traffic. Owning the most popular websites in Paraguay as well as various sites that produce the largest number of worldwide sales and subscriptions in South America, Chena Ventures is recognized worldwide for its acquisitions of premium generic domains (juegos.com, viajes.com, clasificados.com, and dozens more), which were obtained thanks to notable financial investments, which are a fruit of the independent ambition that has characterized Chris Chena since his early youth.
Many of the most popular generic Spanish .com domains are today owned by Chena Ventures S.A. The businesses that were developed by its founder Christian Chena have been in the news in various publications in Germany, Japan, USA, Canada, Australia, Mexico, Spain and Paraguay.
Read more about Chris Chena at Chena.com or in DNJournal's July 2005 cover story.
[...] Felix Moreno) – French firm loses WIPO attempt on Atlantic.com (Por Frank Schilling) – Chris Chena Acquieres TV Channel (Por Daily Domainer) – Sobreseimiento libre para Sharemula, una web de enlaces a contenidos [...]
It would be interesting to know if Chris will use the TV channel "just" to advertise his websites, or if there will be "true integration" of both media –some of the domain names mentioned seem to have a lot of potential for the latter!
[...] from DailyDomainer: Here's a quick translation of the official announcement which was released earlier today [...]
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I believe that chris is going to use the new channel to integrate his domain names into successful businesses.
I actually live in Paraguay and for those asking if he does integrate the TV channel with his websites, the answer is YES.
It's something beyond FREE advertising I'd say. Imagine advertising for free at your main country TV channel. It's as simple as that. He has almost a monopoly of local paraguayan internet websites.
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It much interesting for me as well as for anyone,when i come to know that,Now Chris will use the "TV channel".and understood its true reason is to advertise his own websites,
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