I've heard the "family event" theory, but I don't get how more TV coverage can lower their spectators numbers? And I don't think any junior single-seater championship has good coverage. Probably A1 GP is the only one with such, SLF are getting there too. Tell you what, GP2 lost Eurosport and lost a lot of viewers, and none is covering it here. But A1 GP is covered with highlights! I know a TV that has F3ES rights, and they are not showing it
It's really low profile everywhere with channels none watches or in hours everyone is asleep. In order for them to get established, they should get multi-year contracts with one TV channel thus ensuring continuity. Switching between channels is no good, only a bunch of guys like us will be looking for Formula X in the new channel.