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UK F1 coverage to switch from ITV as BBC backs out
Terrestrial coverage of the FIA Formula 1 World Championship in the United Kingdom looks set to move to ITV after it is believed that the BBC will walk away from the seven-year broadcasting deal that is currently running. TV industry publication Broadcast say that sources have indicated that it could save the BBC up to £60m per year, but will also have to pay an early termination fee to F1 rights-holder Bernie Ecclestone. 'The BBC is slashing costs,' said one source with knowledge of the deal. 'Now it has started talking about cutting channels it is difficult for it to justify spending so much on sports rights and production.' Earlier this month BBC terminated their live coverage of The...
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9y ago from TheCheckeredFlag.co.uk
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