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Ecclestone expects BBC to honour contract
– Formula 1 supremo Bernie Ecclestone says he expects the BBC to honour its existing television contract, which runs through 2018, despite the British broadcaster announcing plans to make hefty cuts.Amid falling revenues, the BBC has laid out plans to reduce its television sports rights expenditure by £35 million, as part of a wider £150 million cost-cutting exercise by 2017.Formula 1 television rights are currently shared in the UK, with Sky Sports broadcasting all races live, and the BBC showing half, producing highlights packages for the others.Although it has been suggested that the BBC could try to alter its current deal, or relinquish the rights altogether, Ecclestone made...
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