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.Mateschitz has cited the financial burden of running the station as "unbearable" after spending a minimum of 100 million euros ($115m) per year since it...

MAVTV has acquired the rights to televise the FIA World Rally Championship from July through August, starting with the Acropolis Rally which will air at 7pm ET/PT on July 25 on MAVTV American Real.In October 2012, the FIA appointed the WRC Promoter GmbH, a joint company of the Red Bull...