Swiss fans of formula one were hit with bad news on Thursday. source: GMM It is reported that the alpine country's federal parliament has - for financial reasons - decided to scrap the public broadcaster SRG's coverage of the sport from 2008. The newspaper 'Blick' says Switzerland, which imposed a total ban on motor sports in the 1950s after a fatal Le Mans crash, baulked at a price-increase of 6.5 per cent for the live rights. SRG boss Armin Walpen reportedly said that the broadcaster "cannot spend money it does not have".
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