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
Load comments
Unpacking the technical changes behind F1 2022's rules shakeup Plus

Unpacking the technical changes behind F1 2022's rules shakeup

Formula 1 cars will look very different this year as the long-awaited fresh rules finally arrive with the stated aim of improving its quality of racing. Autosport breaks down what the return of 'ground effect' aerodynamics - and a flurry of other changes besides - means for the teams, and what fans can expect

Why new era F1 is still dogged by its old world problems Plus

Why new era F1 is still dogged by its old world problems

OPINION: The 2022 Formula 1 season is just weeks away from getting underway. But instead of focusing on what is to come, the attention still remains on what has been – not least the Abu Dhabi title decider controversy. That, plus other key talking points, must be resolved to allow the series to warmly welcome in its new era

Formula 1
Jan 20, 2022
The Schumacher trait that will give Haas hope in F1 2022 Plus

The Schumacher trait that will give Haas hope in F1 2022

Mick Schumacher’s knack of improving during his second season in a championship was a trademark of his junior formula career, so his progress during his rookie Formula 1 campaign with Haas was encouraging. His target now will be to turn that improvement into results as the team hopes to reap the rewards of sacrificing development in 2021

Formula 1
Jan 19, 2022
The “glorified taxi” driver central to F1’s continued safety push Plus

The “glorified taxi” driver central to F1’s continued safety push

As the driver of Formula 1’s medical car, Alan van der Merwe’s job is to wait – and hope his skills aren’t needed. JAMES NEWBOLD hears from F1’s lesser-known stalwarts

Formula 1
Jan 15, 2022
When BMW added F1 'rocket fuel' to ignite Brabham's 1983 title push Plus

When BMW added F1 'rocket fuel' to ignite Brabham's 1983 title push

There was an ace up the sleeve during the 1983 F1 title-winning season of Nelson Piquet and Brabham. It made a frontrunning car invincible for the last three races to see off Renault's Alain Prost and secure the combination's second world title in three years

Formula 1
Jan 13, 2022
How “abysmal” reliability blunted Brabham’s first winner Plus

How “abysmal” reliability blunted Brabham’s first winner

Brabham’s first world championship race-winning car was held back by unreliable Climax engines – or so its creators believed, as STUART CODLING explains

Formula 1
Jan 10, 2022
The steps Norris took to reach a new level in F1 2021 Plus

The steps Norris took to reach a new level in F1 2021

Lando Norris came of age as a grand prix driver in 2021. McLaren’s young ace is no longer an apprentice or a quietly capable number two – he’s proved himself a potential winner in the top flight and, as STUART CODLING finds out, he’s ready to stake his claim to greatness…

Formula 1
Jan 9, 2022
The original F1 maestro who set the bar for Schumacher and Hamilton Plus

The original F1 maestro who set the bar for Schumacher and Hamilton

Juan Manuel Fangio, peerless on track and charming off it, established the gold standard of grand prix greatness. NIGEL ROEBUCK recalls a remarkable champion

Formula 1
Jan 8, 2022