NOVEMBER 28, 2000
EM.TV dives again
Market analysts say it is now inevitable that a bid will be made for the whole company. Likely bidders for EM.TV are rival media companies AOL Time Warner, The Walt Disney Co and Bertelsmann who are eager to get hold of EM.TV's library of TV programming and merchandising licences. It is unlikely that either of these companies would chose to remain a shareholder in Formula 1 although Disney might chose to do so as it owns the ABC and ESPN TV channels in the United States and so could secure the TV rights to the sport in the United States as part of the deal.