DECEMBER 29, 2000
EM.TV share price hits new low
THE shares of Formula 1 shareholder EM.TV hit a new low on Thursday when they bottomed out at 5.00 Euros ($4.5).
Although the uncertainty over EM.TV has not done any direct harm to F1, it is rather an embarrassment.
The car manufacturers involved in Grand Prix racing may still be bidding for Haffa's shares in the F1 company but this has gone very quiet in recent weeks although there have been rumors suggesting that Bernie Ecclestone might buy the entire EM.TV company and then sell off the media assets of the company.
No announcements are expected before the New Year.