A shock announcement in the commercial world of Formula One racing has British fans up in arms. The deal involves the Sky network and the BBC sharing the rights to F1 broadcasts in the UK.
It may have seemed far-fetched when the news first broke, and Bernie Ecclestone may think it will never amount to anything, but the reports of a plan to buy-out Formula 1 have proven factual.
It takes two to tango, and apparently Bernie Ecclestone is in no rush to lace up his dancing shoes. The F1 chief reportedly insists that, despite rumors of Rupert Murdoch and Carlos Slim joining forces to buy it out, the international motor racing series is not, in fact, for sale. CVC Capital, the holding company that owns the rights and to whom Ecclestone reports, receives substantial, multi-million-dollar annual dividends from F1, and so may be in no rush to divest.
You've probably heard the old saying that the best way to make a small fortune in Formula One racing is to start with a big fortune. The Telegraph in the UK is reporting that Rupert Murdoch's News Corp. may be looking to put that saying to the test, as the media empire is reportedly engaged in early talks to take over the popular global racing series. The talks reportedly also include Sauber sponsor Carlos Slim, who happens to be among the richest men in the world, and companies connected to at
News Corp's green initiative continues to make the news this week. We told you about how the Fox network's primetime stalwart, 24, will green itself this season by using biodiesel, renewable energy credits, hybrid vehicles, and more to reduce the show's environmental footprint. Well, Fox is also the broadcast home of the Primetime Emmy Awards this year, and the network is embracing the green approach there as well.