DECEMBER 21, 2001
Kirch vows to hold on to its empire
The aim is to keep the business together and build up Pay-TV to such an extent that the company will eventually start to make the money which has long been hoped. With the FIA unlikely to let Formula 1 become a pay-per-view business it will be interesting to see whether or not Kirch decides to hold on to the business whether it might offer the rights it holds for sale. The problem with this is that with the car manufacturers promising their own series in 2008 the value of SLEC is dropping as the new series becomes more of a real possibility.
It is however early yet to start seeing GPWC as a real threat as we have yet to see any response from the current players.