Red Bull chief Dietrich Mateschitz suddenly closes his TV station

Red Bull founder and Formula 1 team owner Dietrich Mateschitz is to pull the plug on his private television channel ServusTV by the end of June

Red Bull chief Dietrich Mateschitz suddenly closes his TV station

Mateschitz has cited the financial burden of running the station as "unbearable" after spending a minimum of €100million per year since it was founded in 2009.

Another factor behind the surprise move is a claim by Mateschitz of the recent circulation of an email "outside ServusTV" asking employees to vote internally on the formation of a representation of employees supported by unions, the latter much disliked by the 71-year-old.

Mateschitz's move highlights the fact he is capable of making sudden emotional decisions, as was almost the case last year when he came close to withdrawing Red Bull from F1 given the engine furore that surrounded the team.

Just a few weeks ago, Mateschitz assured the 264 employees of the company's future within Red Bull Media House in Salzburg.

In February, ServusTV signed a three-year contract with Dorna to televise MotoGP live in Austria, with its presentation team including former racers Andy Meklau and Alex Hofmann.

Just last month the station also extended its contract with the Austrian Ice Hockey League (EBEL) for a further three years through to 2018-19, with an option to continue until 2021.

The future of both deals is now unclear.

Speaking to Autosport, Mateschitz said: "All explanations are given. There is no more to add."

Mateschitz has stated that for now ServusTV will continue to run its regular programming for a number of weeks.

On Tuesday night the employees of ServusTV began an initiative to persuade Mateschitz to reconsider his decision, stressing they would need no representation or union.

Mateschitz has so far not responded.

shares
comments
Lewis Hamilton thinks engine penalty during F1 2016 now inevitable
Previous article

Lewis Hamilton thinks engine penalty during F1 2016 now inevitable

Next article

Mercedes F1 team issues letter to fans over recent criticism

Mercedes F1 team issues letter to fans over recent criticism
Why few could blame Leclerc for following the example of Hamilton’s exit bombshell Plus

Why few could blame Leclerc for following the example of Hamilton’s exit bombshell

OPINION: Ferrari's numerous strategy blunders, as well as some of his own mistakes, have cost Charles Leclerc dearly in the 2022 Formula 1 title battle in the first half of the season. Though he is locked into a deal with Ferrari, few could blame Leclerc if he ultimately wanted to look elsewhere - just as Lewis Hamilton did with McLaren 10 years prior

Formula 1
Aug 9, 2022
The other McLaren exile hoping to follow Perez's path to a top F1 seat Plus

The other McLaren exile hoping to follow Perez's path to a top F1 seat

After being ditched by McLaren earlier in his F1 career Sergio Perez fought his way back into a seat with a leading team. BEN EDWARDS thinks the same could be happening to another member of the current grid

Formula 1
Aug 8, 2022
How studying Schumacher helped make Coulthard a McLaren F1 mainstay Plus

How studying Schumacher helped make Coulthard a McLaren F1 mainstay

Winner of 13 grands prix including Monaco and survivor of a life-changing plane crash, David Coulthard could be forgiven for having eased into a quiet retirement – but, as MARK GALLAGHER explains, in fact he’s busier than ever, running an award-winning media company and championing diversity in motor racing. Not bad for someone who, by his own admission, wasn’t quite the fastest driver of his generation…

Formula 1
Aug 7, 2022
Could F1 move to a future beyond carbonfibre? Plus

Could F1 move to a future beyond carbonfibre?

Formula 1 has ambitious goals for improving its carbon footprint, but could this include banishing its favoured composite material? PAT SYMONDS considers the alternatives to carbonfibre and what use, if any, those materials have in a Formula 1 setting

Formula 1
Aug 6, 2022
How Russell has proven he deserves to be Hamilton's Mercedes heir Plus

How Russell has proven he deserves to be Hamilton's Mercedes heir

He’s fast, he’s smart, and he’s already shown he’s not going to let Max Verstappen intimidate him. George Russell won’t say it, but LUKE SMITH says he’s ready to take the lead at Mercedes when Lewis Hamilton moves on to a quieter life. And – whisper it – Mercedes and Lewis are starting to think so too

Formula 1
Aug 5, 2022
The traits that fuelled Alonso's unexpected Aston Martin move Plus

The traits that fuelled Alonso's unexpected Aston Martin move

Fernando Alonso’s bombshell switch to Aston Martin sent shockwaves through Formula 1, not least at Alpine that finds itself tangled in a contract standoff with Oscar Piastri. Not shy of a bold career move and with a CV punctuated by them, there were numerous hints that trouble was brewing

Formula 1
Aug 4, 2022
The elements Ferrari must resolve to first save face, then win championships Plus

The elements Ferrari must resolve to first save face, then win championships

OPINION: Ferrari's Formula 1 title hopes look all but over after another strategic blunder in last week's Hungarian Grand Prix denied Charles Leclerc the chance to fight for victory, while handing it to chief rival Max Verstappen. The Scuderia now faces intense scrutiny over what it must now do to finally become a genuine factor in championship battles

Formula 1
Aug 3, 2022
The clues about Hamilton’s F1 retirement plans revealed after Vettel’s decision Plus

The clues about Hamilton’s F1 retirement plans revealed after Vettel’s decision

OPINION: Sebastian Vettel is set to leave Formula 1 at the end of 2022 and will, rather shockingly, be replaced by Fernando Alonso at Aston Martin. But what about the final chapter of the other driver that defined the post-Michael Schumacher era? In Hungary, Lewis Hamilton spoke about his future in the context of Vettel’s upcoming departure, which offered clues on how long it will last

Formula 1
Aug 2, 2022