http://www.autosport.com/news/report.php/id/87017
Bernie is still butthurt because nobody would pay him extra for Bernie TV when he tried to sell it. He lost a lot of money on his gamble and won't allow HD until either he thinks he can make his money back or he grows a brain.
This is a bit of a joke. They have shown some premier football matches here in 3D and F1 is still struggling to get a HD feed out to the world. ITV was building their network to show F1 in HD in 2009 but Bernie magically gave the rights to the BBC..