[3] It was founded on 1 June 2005 by Giasuddin Al Mamun, who is a close associate of the acting chairman of the Bangladesh Nationalist Party, Tarique Rahman, although Mamun had stated the channel had no links to him or the coalition government ruling Bangladesh at the time and that the programming of the channel would be non-partisan.

A press conference was told by the authorities of the channel that it was set to be inaugurated by President Iajuddin Ahmed on 24 January 2006 and immediately broadcast in Africa, the rest of Asia, northeastern Australia, Eastern Europe, and the Middle East besides Bangladesh.

[6] In 2007, One Entertainment secured a loan from Prime Bank, pledging the station's broadcasting equipment as collateral.

In 2008, the bank called in the loan and, when it was not repaid, sold the equipment at auction to People's Entertainment Ltd.[7][2][8] Channel 1 continued operating, with what the Bangladesh Telecommunication Regulatory Commission found was rented broadcasting equipment, which is a violation of Bangladesh telecommunications law.

[9] Shortly after the fall of prime minister Sheikh Hasina's government, on 8 August 2024, Dhaka Reporters Unity demanded immediate reinstation of all unjustly closed media outlets in Bangladesh, including Channel 1.