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Channel 4 Snaps Up F1 Rights From BBC

Channel 4 has swooped in to pick up the free-to-air TV rights to Formula One for the first time after a cash-strapped BBC moved to pull out of its deal three years early. The broadcaster has struck a three-year deal with Formula One World Championship believed to be worth as much as GBP35m per year to air 10 races a season from 2016. The TV rights are believed to have cost about GBPGBP25m annually, while television production, which Channel 4 will put out to pitch, will cost about GBP10m a year.

Read the whole story at The Guardian »

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