May be Bernie can help, he'll make it dirty but at least it can beat again.
Event management should have been outsourced to few good companies like IMG or one that handle MotoGP or in worst case F~0~M rather micro managed by fools! Also with better PR & Marketing... i think it could have survived!
Whoever thought that putting A1GP on pay TV was a good idea was an utter idiot. F1 and MotoGP, 2 of the most successful types of motorsport.
What do they have in common- Free-To-Air broadcasting where feasible. A1GP on the other hand went the PayTV route and died.