Formula One

Liberty Media agrees $4.4bn Formula 1 deal

Liberty Media has confirmed that it is buying the Formula1 motor sports business for US$4.4 billion. The deal gives F1 an enterprise value of US$8 billion and will see Liberty buy an initial minority stake of 18.7%, which it will up to 100% subject to antitrust and competition approvals in various countries. Liberty, owned by […]

Eurosport races to Portuguese F1 deal

Discovery Communications-owned Eurosport has snagged rights to Formula One racing in Portugal. The two-year deal gives the sport channel operator exclusive rights to the Formula One World Championship for three seasons, starting 2016. The deal with Formula One Management gives Eurosport all of the races from the championship. Formula 1 will sit alongside MotoGP, Le […]

BBC claims sports viewing victory over Sky

The BBC claims it was the most-watched sports broadcaster in the UK last year, despite only showing 2% of sport on television. Based on internal BBC stats from its marketing and audiences division, the broadcaster claimed it notched up 40% of all sports viewing last year compared to second place Sky Sports with 31% – […]

Chernin linked to $2bn move for IMG

Peter Chernin has reportedly joined forces with private equity firm CVC Capital to make a US$2 billion bid for sports and content business IMG. Peter Chernin is the former News Corp number two who has set up a media investment business The Chernin Group. CVC is the private equity company that is a major shareholder […]

Formula 1 viewing slows down

Formula One’s global audience declined in 2012, pushed down by a 34% drop in viewing in China, according to the motorsport organisation’s annual broadcasting report. The decline in China was attributed in part to Grands Prix clashing with local sporting events. A number of territories, including Brazil,where viewing was up 8.9%, Spain, where it was […]