Troubled German media group EM.TV, already under the threat of an investigation by Munich’s public prosecutor, may also have to face the loss of its founder and chief executive Thomas Haffa.

Haffa has decided he will not rule out resignation, admitting in an interview with news magazine Der Spiegel that he has made mistakes and also sold EM.TV stock – most recently 200,000 shares for DM40 million.

News Source: Handelsblatt