OCTOBER 20, 2000

EM.TV gets a new financial boss

EM.TV has a new chief financial officer in an effort to help the German media company shore up its faltering share price. The company has announced that it has signed up Rolf Rickmeyer to replace Florian Haffa, the brother of the company's founder Thomas Haffa. Rickmeyer comes from an affiliate of the giant RWE company.

Florian Haffa now becomes deputy chief executive in charge of investor relations.

Thomas Haffa is still trying to negotiate a deal to sell EM.TV's shares in Formula 1 holding company SLEC to a consortium of car manufacturers but they are holding out for a better deal than Haffa is offering and as long as the negotiations drag on it seems that EM.TV's share price will not improve.

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