Biz Watch


Formula One

Around and Around and Around They Go
in formula one motor racing, intriguing twists and turns often take place far from the racetrack. Last week, some of the sport's biggest players — which include Renault, BMW and Fiat — threatened to set up a rival world championship to take off in 2008 when their current Formula One obligations expire. The car-makers were said to be concerned that Kirch, the German broadcasting giant that recently assumed control of Formula One's broadcasting and commercial rights in conjunction with EM.TV, would take the races off terrestrial TV...