APRIL 24, 2002
EM.TV dumps TV rights
But EM.TV has decided to cash in its chips and has sold the global TV rights to BSkyB for a rumored $15m. The cash, it seems, will be more useful.
EM.TV has sold its stake in F1 to Kirch but has yet to be paid for the deal and cannot do anything at the moment as it is bound not to sell the shares to anyone else.